“The status of the decision is granted,” said the Court ruling as quoted on Tuesday, February 11, 2025.

In addition, the Court ruling also appointed four curator teams to handle the bankruptcy process of PT Indofarma Global Medika. They are Novio Manurung, Margaret Tacia Situmorang, Yusti Riana P. and Adinda Anisa Madani.

The State-owned Enterprises’ Health Workers Union had earlier asked the Attorney General’s Office (AGO) to immediately seize assets belonging to the suspect in the INAF fraud case.

The Union’s demand emerged after the Jakarta Provincial Prosecutor’s Office named former Indofarma President Director Arief Pramuhanto and…

Nikola said on Wednesday, February 19, it had filed for Chapter 11 bankruptcyprotection and would pursue a sale of its assets, the latest electric-vehicle (EV) maker to go bankrupt after grappling with tepid demand, rapid cash burn and funding challenges. In recent years, the EV truck maker has endured cash-flow issues, slow demand, short-seller allegations and an executive turnover. 

Nikola also recalled its battery-electric trucks after the battery fires in 2023 prompted it to temporarily halt sales. The EV truck maker’s stock crashed 39 per cent had already lost 97 per cent of its value over the past 12 months. Nikola’s market value peaked at $29 billion in the days after it began trading, but it had fallen to less than $100…

EasternCape R70 million Debt Relief Fund 2025 for Students. Apply below.

When is Application Deadline:

28th February 2025

Tell Me About EasternCape R70 million Debt Relief Fund:

Call for Application – EasternCape R70 million Debt Relief Fund for Students. The Eastern Cape Office of the Premier, in collaboration with MERSETA, has set aside R70 million to assist young people (18-35) who have COMPLETED studies in MERSETA-related fields by clearing their outstanding student debts.

If you have completed studies in any of the Sector Skills Priority List Qualifications at Nelson Mandela University, Rhodes University, University of Fort Hare, or any…

Dive Brief:

• Student loan debt significantly influences employee decisions to accept a job offer or stay with their current employer, according to a Feb. 11 report from MissionSquare Research Institute.
• A survey of 2,036 U.S. employees aged 18-49 revealed that 62% of private sector employees, and 56% public sector employees, consider their student loan debt before saying yes to a job offer. As for retention,…

The boss of a Sussex-based home improvement company which ‘plagued’ households with cold calls and masqueraded as Citizens Advice has been banned as a director for four years.

Callum Jones, 39, of Oban Road in St Leonards, was the sole director of Colourcoat Ltd, which specialised in roof cleaning, wall coating and insulation services.

Colourcoat made 969,273 unsolicited marketing calls between August 2019 and April 2020.

A total of 452,811 of the nuisance calls were made to people who had opted out of receiving such calls by registering with the Telephone Preference Service.

The company also used false names and made repeated calls which were described by some customers as being aggressive and abusive – and even pretended to be…

Quiz in Churchill Square shut after the fashion chain suffered with a decline in consumer demand.

The women’s clothing store had suffered disappointing sales over the Christmas period.

READ MORE: Brighton bus company axed by Brighton and Hove City Council

The business was bought in a pre-pack insolvency deal and new owners Orion were able to save 42 of its shops.

However, administrators have now closed 23 stores across the UK and Ireland which were deemed ‘loss-making or unsustainable’ by the new owner.

The recently-closed stores include included Brighton, Fareham, Southampton, and Maidstone.