Article – RNZ

The company remains at the centre of a major investigation by Immigration New Zealand that commenced as early as September 2023.Lucy Xia

A liquidator’s initial report into an insolvent Auckland-based labour hire company – Prolink NZ – has estimated that the company owes about $4.01 million to creditors.

The company remains the centre of a major investigation by Immigration New Zealand (INZ) that commenced as early as September 2023, alongside former licensed immigration advisor Cook Huang, after complaints from migrant workers who say they have been cheated thousands of dollars, but have had little to non full-time work.

The directors of the company are Haiyan Luo and Shaojun Han, and 100 percent of the…

The Biden administration announced Thursday its final round of student debt relief, topping off the most loan forgiveness ever given in a presidency.

The Department of Education announced it was forgiving more than $600 million of student loans for 4,550 borrowers through the income-driven repayment plan and 4,100 borrowers through Borrower Defense.

In total, the administration has given $188 billion of student debt relief to more than 5 million borrowers through 33 executive actions.

“Four years ago, President Biden made a promise to fix a broken student loan system. We rolled up our sleeves and, together, we fixed existing programs that had failed to deliver the relief they promised, took bold action on behalf of borrowers who had…

SYDNEY – Australia’s biggest listed casino operator, Star Entertainment Group, once had it all. Its gaming licences stretched out for centuries. The domestic market was home to the planet’s most prolific gamblers.

The company’s harbourside resort in Sydney drew a constant flow of high rollers from China.

Now Star is bleeding cash, desperate for funding and – by some analyst estimates – has a 50-50 chance of collapsing.

The plight is a saga of financial malpractice, deception and cultural decay. Almost A$4 billion (S$3.4 billion) has been wiped from Star’s market capitalisation since late 2021, leaving the company valued at just A$387 million. 

The trouble started in October 2021, when the Sydney Morning Herald reported Star…

New York (CNN) — This year was brutal for a number of well-known companies and their bottom lines.

As inflation continued to rear its ugly head, consumers slashed their discretionary spending, tilting some companies to file for bankruptcy. Other brands fell victim to changing trends or even more malicious ailments, like cyberattacks.

At least 19 companies have cut a combined 14,000 jobs because of bankruptcies, according to Challenger, Gray & Christmas, an outplacement services firm.

Notably, retail closures have picked up this year because the sector’s sugar high of 2021 and 2022 — when consumers were…

Prolink NZ is a labour hire company based on Auckland’s Dominion Road.
Photo: RNZ / Lucy Xia

A liquidator’s initial report into an insolvent Auckland-based labour hire company – Prolink NZ – has estimated that the company owes about $4.01 million to creditors.

The company remains the centre of a major investigation by Immigration New Zealand (INZ) that commenced as early as September 2023, alongside former licensed immigration advisor Cook Huang, after complaints from migrant workers who say they have been cheated thousands of dollars, but have had little to non full-time work.

The directors of the company are Haiyan Luo and Shaojun Han, and 100 percent of the shares are owned by Haiyan Luo.

Prolink NZ entered into…