13 firefighters declared bankrupt taken disciplinary action The Malaysian Reserve
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Several factors led them to be declared bankrupt, mostly for becoming guarantors to loan borrowers.
Malaysian Fire and Rescue Department director-general Datuk Nor Hisham Mohammad (centre) presenting the Fire Service Medal, the 2024 Excellent Service Award and the 30-Year Service Certificate. – Photo by Bernama
ALOR SETAR – The Malaysian Fire and Rescue Department has taken disciplinary action against 13 of its firefighters who have been declared bankrupt since 2020.
Its director-general, Datuk Nor Hisham Mohammad said several factors led them to be declared…
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ALOR SETAR: The Malaysian Fire and Rescue Department has taken disciplinary action against 13 of its firefighters who have been declared bankrupt since 2020.
Its director-general, Datuk Nor Hisham Mohammad said several factors led them to be declared bankrupt, mostly for becoming guarantors to loan borrowers.
“There is also one (staff) whose name is in a company. When the company had problems, like being taken action for not subscribing to the Employees Provident Fund (EPF), he was also affected.
“Another is due to credit card debts,“ he told reporters after the presentation of the Fire Service Medal, the 2024 Excellent Service Award (APC) and the 30-Year Service Certificate here yesterday.
Nor Hisham said while the number may…
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dministrators of embattled textile giant PT Sri Rejeki Isman (Sritex) are in talks with potential investors to lease its assets and rehire some of the thousands of laid-off workers, according to a team of curators responsible for handling the company’s assets after it was officially declared bankrupt.
Once selected, the investor in question is expected to open a recruitment scheme, allowing laid-off employees to return to work under new management, but there…
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ALOR SETAR: The Fire and Rescue Department has taken disciplinary action against 13 firefighters who have been declared bankrupt.
Director-general Datuk Nor Hisham Mohammad said standing as guarantors for loans was among the causes of bankruptcy.
“There is also one (firefighter) whose name is listed in a company . When the company had problems … he was also affected.
“Another is because of credit card debt,” he told reporters after presenting the Fire Service Medal, 2024 Excellent Service Awards (APC) and 30-Year Service Certificates here on Tuesday (March 11).
He added that the 13 cases had been detected since 2020.
Nor Hisham said while the number may…
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13 Firefighters Declared Bankrupt Taken Disciplinary Action BERNAMA
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13 Firefighters Declared Bankrupt Taken Disciplinary Action BERNAMA
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Indian B2B SaaS firm Perfios has acquired Credit Nirvana, an AI-powered debt management and collections platform, in a bid to enhance its suite of financial services technology for an undisclosed fee.
Credit Nirvana, founded in 2019, leverages artificial intelligence and predictive analytics to automate the debt collection lifecycle, spanning early-stage delinquencies to legal recoveries. The platform manages a collection portfolio exceeding $9 billion and handles over 42 million loan accounts across banks, NBFCs, and asset reconstruction firms.
“This acquisition is a strategic step in expanding our product suite and strengthening our capabilities in debt management and collections. By integrating CreditNirvana’s AI-driven capabilities…
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We have pre-paid large chunk of high-cost govt debt, to help state borrowings: FM MSN
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In an age where financial systems are rapidly evolving, developing countries like Nigeria find themselves at a critical crossroads. Burdened by crippling national debts, stagnating economic growth, and inflationary pressures, these nations are increasingly looking for innovative solutions to break the cycle of dependency and rebuild their economies. One such promising avenue is cryptonomics, which is the intersection of cryptocurrency and economic policy.
By harnessing the transformative power of decentralised finance, blockchain technology, and digital currencies, developing nations can shift from traditional, debt-laden growth models to one that is sustainable, transparent, and…
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School lunches provider Libelle Group Auckland goes into liquidation MSN
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Turkcell Completes Liquidation of Subsidiary to Streamline Operations TipRanks
