A Chinese government linked property developer with unpaid claims from Queenstown contractors has gone into liquidation, leaving the future of over 100 Fernhill residential units in doubt.

Triple Connection Ltd was put into liquidation on February 13 after landscaping company Top Garden failed to get a response to a statutory demand linked to an unpaid $80,000 invoice and even higher legal costs. Queenstown company Concept Builders was also owed money by Triple Connection.

The developer was behind the troubled Jade Lake project that was launched with great fanfare back in 2018.

Min ‘Homy’ Yang, left, with Chinese Embassy officials at the 2018 Jade Lake launch.

37 Robins Road, Queenstown is listed as the main…

Pope Francis’ call for debt cancellation in the 2025 Jubilee Year of Hope has inspired similar action among Catholic bishops and advocacy groups in East Africa. Source: The Tablet.

The Jubilee 2025 Debt Cancellation Campaign launched in Nairobi on February 12 to target Africa’s debt crisis, now standing at over $US1 trillion ($1.58 trillion), which threatens to cripple many countries in the continent.

Bishop Charles Kasonde of Solwezi, in Zambia, who chairs the Association of Member Episcopal Conferences in Eastern Africa (AMECEA), told the launch that the debt forgiveness went beyond “economic calculus” and was a profound…

A soccer-loving businessman behind LNP election donations told a court he helped introduce Opposition Leader David Crisafulli to run a training company that later collapsed.

The testimony, contained in transcripts obtained by the ABC, has emerged after Mr Crisafulli this month denied the failed business had links to the LNP or donors.

The businessman was Rabieh Krayem, a jobs entrepreneur who had been chairman of Townsville’s Northern Fury Football Club and now heads the Wynnum Wolves.

He owned half the training business when Mr Crisafulli was appointed.

“I don’t have any comment, it would be greatly appreciated if you don’t make any contact…

Founding of Enron and its rise

Enron was founded in 1985 by Kenneth Lay in the merger of two natural-gas-transmission companies, Houston Natural Gas Corporation and InterNorth, Inc.; the merged company, HNG InterNorth, was renamed Enron in 1986. After the U.S. Congress adopted a series of laws to deregulate the sale of natural gas in the early 1990s, the company lost its exclusive right to operate its pipelines. With the help of Jeffrey Skilling, who was initially a consultant and later became the company’s chief operating officer, Enron transformed itself into a trader of energy derivative contracts, acting as an intermediary between natural-gas producers and their customers. The trades allowed the producers to mitigate the risk…

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In recent years, UK businesses have faced relentless economic pressures, from rising inflation and supply chain disruptions to increased borrowing costs. At the same time, it’s never been easier to quickly set up and dissolve a company, with the multitude of SaaS products making starting a business relatively cheap and straight forward.

This culmination of challenging external factors and flexible entry and exit strategies has resulted in business…

A 19-year-old is facing $115,000 worth of debt after a life-threatening car crash.

Zane called into The Ramsey Show, where two of its hosts, Jade Warshaw and Ken Coleman, gave the young man some advice.

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“Three months ago, I got into a car crash at 60 miles per hour and broke both my legs,” Zane told the two hosts.

Most of the debt he incurred was his time staying in the hospital.

Zane said he had also been out of work for the past three months and unable to pay the debt or make money.

“Doctors are telling me that I’m not going to be able to go back to construction for the next year,” Zane said.

He revealed that since he was likely at fault, there will…

Digging out of debt used to be a new year tradition.

The first three months of the year typically were the busiest for credit counselors, who were inundated with calls from Americans zapped by out-of-control holiday spending or emboldened by a “new year, new you” ethos for their finances.

But that decades-long trend may be disappearing, not because borrowers are out of their debt stranglehold but because they now need help throughout the year for their pricey car loans and ballooning card debt.

“The landscape has changed,” Bruce McClary, the spokesman for the National Foundation for Credit Counseling, told Yahoo Finance. “We are hearing more and more from people who are feeling the financial stress year-round.”

Many are stuck in…