NEW YORK, February 18, 2025–(BUSINESS WIRE)–Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that Ares Credit funds served as the administrative agent on $300 million in incremental debt financing for Tempus AI, Inc. (NASDAQ: TEM) (“Tempus”), a technology company leading the adoption of AI to advance precision medicine and patient care. The financing is intended to support Tempus’ previously announced acquisition of Ambry Genetics (“Ambry”), which closed on February 3, 2025. Combined with $260 million of capital provided in 2022 and 2023, Ares Credit funds have provided Tempus a total debt package of approximately $560 million.

Founded in 2015, Tempus is…

BANGKOK, Thailand – The Government Housing Bank (GHB) has extended its debt relief measures to support customers facing financial difficulties, allowing them to retain their homes. The program covers special monitoring (SM) customers and non-performing loan (NPL) borrowers, offering assistance for up to two years under a set of targeted financial relief measures. The registration period for these measures is now open until June 30, 2025.

The Household Debt Resolution Measures provide relief for SM customers based on their loan tenure with the bank. Borrowers who have held a loan for at least three years qualify for the “HD1”…

Jakarta (ANTARA) – Deputy chairperson of the People’s Consultative Assembly (MPR), Edhie Baskoro Yudhoyono, has stressed the need to improve digital literacy to prevent online gambling.

“We must be wise in using digital services so as not to get caught in illegal online loans with high interest or online gambling,” Yudhoyono, nicknamed Ibas, said in a statement released on Wednesday.

Speaking at a seminar to raise digital awareness, he informed that the number of online gambling application users in 2025 is estimated to have reached 8.8 million. The figure includes around 80 thousand children aged 10 years, he added.

The group of online gambling players is dominated by people in the 30–50 age group, who account for 40 percent or…

Regional telecommunication provider Field Solutions Holdings Limited has entered voluntary administration, with receivers appointed to oversee a sale or recapitalisation process.

The collapse comes despite the company’s most recent financial filings suggesting it was pursuing a capital raise and restructuring its operations.

The ASX-listed telco provides connectivity and business solutions for rural, regional, and remote areas of Australia.

It specialises in constructing and managing regional telecommunications infrastructure, offering services that range from strategic planning to full network operations and cloud optimisation.

Receivers take control

McGrathNicol partners Rob Smith and Matthew Hutton were appointed as receivers…

The vandalised Gulf Harbour Country Club sign now overgrown and barely visible.
The ongoing saga of Gulf Harbour Country Club had a partial resolution for creditors when the company GHCC2016 (the company formed to run the club) was placed in liquidation on February 5 at the High Court in Auckland.
However, the fate of the country club land, owned by Long River Investments, still remains in limbo until the bankruptcy hearing on February 24 against company director Greg Olliver (Hibiscus Matters December 16, 2024).
The notice to liquidate the company was first posted by creditor advocate group K…

The move will not impact its parent company in the UK, which will continue to trade through its 344 stores and its website.

A 30-day staff consultation process will now commence for New Look employees in the Republic of Ireland over the coming days.

New Look employs about 347 staff across its 26-store network in the Republic of Ireland.

The company has stores in areas across Dublin, Cork, Galway, Wicklow and Letterkenny in County Donegal.

A majority of its stores are of small to medium size, employing an average of 12-13 staff per store.

The first liquidators’ report revealed the company owed about $1.2 million, as at mid-April 2024.

However, a second liquidators’ report was released in December, providing more information about the company’s books and debt.

That report stated the company owed $4,196,508 to creditors (as at mid-October) including over $200,000 to staff.

That was after distributions had already been made to creditors of $235,008.

The $4.2m owed to creditors includes about $730,000 to preferential creditors (IRD and employees), $580,000 to secured creditors and almost $2.9m to unsecured creditors.

The liquidators’ report stated “we estimate that no funds will be available” to unsecured creditors as part of the…