Insolvency Guardian Media Centre
This country to see 30 airlines go bankrupt, cease operations in 2025 TheStreet
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China will employ a package of targeted measures to further address local government debt this year, with a particular focus on accelerating the debt swap program, reforming local government financing vehicles and curbing the accumulation of new hidden debt, officials and analysts said.
With the debt-relief package — a multipronged adjustment to ease local government financing pressure — the country is better positioned to pursue the broader agenda of fostering economic stability and progress, they added.
“We will continue to defuse debt risks in the course of development and pursue development in a debt…
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Sri Lanka signs $2.5b debt deal with Japan FRANCE 24 English
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Free school lunch provider goes into liquidation Stuff
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Nearly two in five British Columbians say they need help to get out of debt.
That’s according to a report by Ipsos on behalf of MNP, which also shows the same proportion believing they will remain in debt.
Licensed Insolvency Trustee, Leah Drewcock says younger Canadians between the ages of 18 and 34 are more likely to be embarrassed about seeking help.
“Debt affects every age group and demographic, which is why this March at MNP we’ve launched our first Debt Literacy Month, and our goal is to provide Canadians with critical knowledge and trusted resources to help them regain control of their finances, regardless of their age.”
Drewcock says there’s a…
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The company did not disclose the financial terms of the deal.
It marks Perfios’ second acquisition in a month, following its purchase of Clari5, a banking financial crime management platform, in February to enhance its risk intelligence and fraud mitigation capabilities.
“This acquisition is a natural extension of our strategy to strengthen the full stack, tech first solutions that we have. Our aim is to power the end to end customer lifecycle for financial institutions,” Sabyasachi Goswami, CEO of Perfios told ET.
Founded in 2019, CreditNirvana specialises in artificial…
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Compass Group, a global catering company, leads the School Lunch Collective, which was awarded the $85 million annual school lunch contract last year.
Libelle has also offered residential catering, tuckshop solutions and school catering services for the past 20 years.
The liquidators said they have immediately engaged with Compass, who is working with the School Lunch Collective, to support continuity of service.
“The Liquidators are undertaking a full and urgent review of all of Libelle’s operations, with our immediate focus being working with Libelle’s employees and affected stakeholders to ascertain the way forward, including ensuring students around New Zealand continue to receive their school lunches,” said Liquidator David…
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Company contracted by Compass to provide lunches goes into liquidation RNZ
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A company involved in supplying school lunches has gone into liquidation.
Deloitte New Zealand, who has been appointed liquidator, said Libelle Group was contracted by Compass Group to deliver approximately 125,000 meals daily as part of the Government’s Ka Ora, Ka Ako Healthy School Lunches programme.
“The Liquidators are undertaking a full and urgent review of all of Libelle’s operations, with our immediate focus being working with Libelle’s employees and affected stakeholders to ascertain the way forward, including ensuring students around New Zealand continue to receive their school lunches,” said David Webb of Deloitte New Zealand.
Libelle Group is a member of the School Lunch Collective alongside Compass Group NZ and Gilmours.
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Photo: RNZ/Calvin Samuel
A provider of school lunches has gone into liquidation.
The Libelle Group was contracted to deliver about 125,000 lunched a day to the major contractor Compass.
Libelle’s shareholders have appointed Deloitte as liquidators on Tuesday.
Liquidator David Webb said they were urgently talking to Compass to keep the service going, while they urgently review Libelle’s position.
The school lunch programme has been mired in controversy with complaints about inadequate and poorly prepared meals.
More to come…
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Hudson’s Bay looking at closing half its stores amid restructuring: source CTV News