Jay Leno has suffered a series of injuries in recent years that have left him looking worse for wear, and Bill Maher wants to know if there is something more going on than simple clumsiness. On the latest episode of Maher’s Club Random podcast, the Real Time host touched on Leno’s most recent accident in November when the former Tonight Show host fell down a hill while staying at a hotel in Pennsylvania, and was later spotted with a black eye and badly bruised face. “Did you see what the Enquirer said about your spill?” Maher asked Leno. “Well, it’s a conspiracy theory, since you’ve had three accidents, that you actually have gambling debts, and you’re being beaten up by the mob.” Leno smiled before responding, “I…

Hong Kong – Macau is hosting a record amount of bond listings as the world’s top gambling hub boosts efforts to diversify its economy and establish itself as an alternative financing hub for Chinese firms.

A combined US$28.1 billion (S$38.2 billion) of bonds have started trading this year on the Chongwa (Macao) Financial Asset Exchange, a local exchange known as MOX, according to Bloomberg-compiled data. Around 63 per cent of these new notes are yuan-denominated and mostly issued by Chinese local government financing vehicles, or LGFVs.

The tally marks significant progress for MOX, where bond listings totaled slightly over US$600 million at its inception in 2018, thanks to Macau’s initiatives to make debt registration cheaper and…

Former European Ryder Cup skipper Paul McGinley has issued a stark caution to golf’s two main tours, underlining that they might be on the brink of financial ruin if they don’t curb the current trend of rapidly increasing prize money.

This comes in response to the colossal stakes pumped into the sport since LIV Golf, buoyed by the deep pockets of Saudi Arabia’s Public Investment Fund (PIF), burst onto the scene two years back.

To stave off LIV Golf’s charm, both the PGA Tour and DP World Tour have escalated their prize funds to keep their star players from jumping ship. McGinley views this surge as a precarious gambit that may pose dire consequences down the line.

As he spoke to Irish Golfer Magazine, he said: “The world’s two main tours…

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.

This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2. Choose “App Settings” from the menu

3. Turn on the option “Links Open Externally” (This will use…

• Student-loan borrowers are entering the new year with uncertainty on their payments and debt relief.

• Ongoing litigation with the SAVE repayment plan makes it difficult for some borrowers to plan financially.

• Biden also officially withdrew his broad debt relief plans, and any future relief under Trump is unlikely.

Wade Burt, 67, is entering the new year without knowing when — or if — he’ll be free of his nearly six-figure student-loan balance.

Burt first took out just under $20,000 in student loans for an associate degree in avionics that he earned in 1988. However, he had periods of unemployment through 1998, during which he could not afford student-loan payments. Over the years, the interest on his loans ballooned his…

Synopsis

For countries that have adopted, and implemented in local legislation, the United Nations Commission on International Trade Law (UNCITRAL) Model Law on Cross-Border Insolvency (Model Law), there is a streamlined process which enables a liquidator, or other insolvency administrator, of a company in a foreign jurisdiction to apply to the court in the Model Law jurisdiction to:

• have the foreign insolvency proceeding recognised;   
• take control of assets of the foreign company located in the Model Law jurisdiction; and
• pursue investigations and institute recovery proceedings, for example in relation to voidable transactions and breach of directors’ duties, in the Model Law jurisdiction according to the local…

New Delhi, Dec 29: As many as 28,818 applications for initiation of the Corporate Insolvency Resolution Process (CIRP), having an underlying default of Rs. 10.22 lakh crore, were resolved before their admission till March 2024 due to the behavioural change in debtor-creditor relationship effectuated by the Insolvency and Bankruptcy Code (IBC), according to the Ministry of Corporate Affairs’ year-end review

Till September 2024, 1,068 CIRPs have culminated in resolution plans, achieving on average 86.13 per cent of the fair value of the Corporate Debtor (CD). Creditors have realised Rs. 3.55 lakh crore under the said resolution plans.

By June 2024, the IBC successfully navigated 3,409 CDs through the insolvency process,…

The National Company Law Tribunal (NCLT) initiated the Corporate Insolvency Resolution Process (CIRP) against Hero Electric Vehicles Pvt Ltd based on a petition by Metro Tyres. Metro Tyres claimed Hero Electric had failed to pay dues amounting to ₹1.85 crore for tyres and tubes supplied between August and December 2022.

In its order on December 20, the tribunal said that Hero Electric could not establish any earlier dispute in relation to Metro Tyres’ payment claims. The petition was admitted under Section 9 of the Insolvency and Bankruptcy Code, 2016, since the tribunal found no valid arguments put forth by Hero Electric against the claims.

Metro Tyres supplied goods worth ₹3.69 crore. Of this, ₹4.27 lakh was paid, and the…

New Delhi: As many as 28,818 applications for initiation of the Corporate Insolvency Resolution Process (CIRP), having an underlying default of Rs. 10.22 lakh crore, were resolved before their admission till March 2024 due to the behavioural change in debtor-creditor relationship effectuated by the Insolvency and Bankruptcy Code (IBC), according to the Ministry of Corporate Affairs’ year-end review 

Till September 2024, 1,068 CIRPs have culminated in resolution plans, achieving on average 86.13 per cent of the fair value of the Corporate Debtor (CD). Creditors have realised Rs. 3.55 lakh crore under the said resolution plans.

By June 2024, the IBC successfully navigated 3,409 CDs through the insolvency process,…

DOWNFALL:
The Singapore-based oil magnate Lim Oon Kuin was accused of hiding US$800 million in losses and leaving 20 banks with substantial liabilities

Former tycoon Lim Oon Kuin (林恩強) has been declared bankrupt in Singapore, following the collapse of his oil trading empire.

The name of the founder of Hin Leong Trading Pte Ltd (興隆貿易) and his children Lim Huey Ching (林慧清) and Lim Chee Meng (林志朋) were listed as having been issued a bankruptcy order on Dec. 19, the government gazette showed. The younger Lims were directors at…