Harlow-based Simon Moir (58) has been disqualified from acting as a director for 14 years, one year below the maximum term.
From 22 September, the holiday parks boss will be banned from acting as a director or directly or indirectly becoming involved, without the permission of the court, in the promotion, formation or management of a company.
Walsham Chalet Park Limited was incorporated in 1966 and operated 8 holiday parks located across several sites in England, including: Bury St Edmunds, Suffolk; Thorpe-le-Soken, Essex; North Walsham, Norfolk; Ely, Cambridgeshire; Honiton, Devon; Newbury, Berkshire; Whitstone, Cornwall; and Westfield, East Sussex.
Trading as the Dream Lodge Group, Walsham Chalet Park also ran an investment schem…
Read the full article at: https://www.miragenews.com/holiday-parks-boss-receives-14-year-ban/
Image copyright Alejandra Sol CasasMinority communities in the US and elsewhere have sometimes turned to traditional money saving methods outside the formal banking system. The economic shock from the coronavirus pandemic could spur renewed interest in those savings clubs.
When Hilda Robles recalls her first years in America, tears come to her eyes.
“I cried and even wanted to leave at one point because I felt alone,” she says. “I would ask people for help and they couldn’t help me because they didn’t understand Spanish and I didn’t understand English.”
When she came to San Antonio, Texas some 20 years ago, even daily duties like getting to work or going to the doctor were feat…
Read the full article at: https://www.bbc.com/news/world-us-canada-54035099
Pandemic allows firms time to restructure
Focus on consolidation, M&A
Large companies are taking advantage of the economic slowdown and the outbreak to restructure their businesses, aiming to prioritise consolidation or mergers and acquisitions (M&A), both locally and abroad.
Funding for the deals depends on a company’s financial status, and includes using operating cash flow, bond issuance, bank loans and capital increases.
Recently three large companies in Thailand announced major upcoming deals: Central Retail Corporation (CRC), Charoen Pokphand Foods (CPF) and Thai Union Group (TU).
Suttatip Peerasub, an analyst at Maybank Kim Eng Securities, said CPF reported to the Stock Exchange of Thailand it will consolidate its Chinese swin…
Read the full article at: https://www.bangkokpost.com/business/1989567/pandemic-allows-firms-time-to-restructure
Australias public debt levels remain manageable, with record low interest rates leaving the government plenty of room to boost the economy in the October budget, according to the Reserve Bank.
In a speech on Tuesday the RBA deputy governor, Guy Debelle, has defended the size of support payments including jobkeeper and jobseeker and given the Morrison government the green light to conduct a record-breaking spendathon in the budget.
The government is considering a package of accelerated income tax cuts, infrastructure spending through the states and wage subsidies to boost the Australian economy out of the Covid-19 recession with a deficit nearing $200bn.
But rather than hold back in the face of growing debt, Debelle reiterated the RBA…
Read the full article at: https://www.theguardian.com/australia-news/2020/sep/22/reserve-bank-gives-coalition-green-light-for-record-spendathon-in-federal-budget
The Lok Sabha passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020 on Monday through a voice vote.
New Delhi | Jagran Busines Desk:The Lok Sabha passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020 on Monday through a voice vote. Responding to the queries raised during the debate on the insolvency code, Finance Minister Nirmala Sitharaman said the bill is aimed at bringing immediate relief to the companies affected by the COVID outbreak. The bill seeks to replace an ordinance promulgated in this regard in June. “We had to prevent any company, stressed because of COVID, from being pushed into insolvency”, the Finance Minister said. Listed below are th…
Read the full article at: https://english.jagran.com/business/insolvency-and-bankruptcy-code-bill-2020-passed-in-lok-sabha-all-you-need-to-know-10017046
Nine small and medium-sized garment factories are in big trouble as a German retailer is not paying them on the pretext of being hit by the coronavirus pandemic although the buyer received the goods before the crisis began.
Colloseum bought t-shirts, polo shirts and sweaters worth $15 lakh from the Bangladeshi suppliers between December last year and February this year through its Hong Kong vendor Asia Today Ltd.
The suppliers are Kappa Fashion Wear, Base Fashion Wear, Dynasty Sweater (BD), Bakhrabad Knitting Industries, Anzir Apparels, IRIS Fashions, Gramtech Knit Dyeing & Garment Industries Ltd, Seo Wan Bangladesh and Disney Sweater.
The German retailer owes a few lakh dollars to some buying houses as well.
The retailer is not making …
Read the full article at: https://www.thedailystar.net/business/news/nine-apparel-exporters-tight-spot-german-retailer-yet-clear-dues-1965325
A concerted tightening of regulatory controls against gambling by mainland Chinese authorities looks set to counter expectations of a VIP-led recovery for Macaus gaming operators, leaving base mass to do the heavy lifting according to investment bank Credit Suisse.
In a Monday note examining the short-term outlook for Macau post-COVID, analysts Kenneth Fong, Lok Kan Chan and Rebecca Law described the VIP segment as being under serious pressure with a number of key factors looming for Macaus gaming market.
Despite gaming stocks reflecting strong investor sentiment, Credit Suisse believes Macaus recovery may take longer than expected due to structural pressure being placed on the VIP system.
We believe the VIP system will substantially …
Read the full article at: https://www.asgam.com/index.php/2020/09/21/vip-system-to-scale-down-in-coming-years-leaving-base-mass-to-lead-macau-recovery-credit-suisse/
Boris Becker will appear in court this week to face 19 criminal charges over claims he ‘hid property portfolio, bank accounts and shares in artificial intelligence firm’ during bankruptcy hearings
- Boris Becker, 52, faces claim that he hid finances at his 2017 bankruptcy hearing
- It’s alleged he failed to declare three properties, along with two bank accounts
- He will appear at Westminster Magistrates Court on Thursday facing 19 charges
Boris Becker will appear in court this week to face 19 criminal charges over claims he hid his property portfolio along with bank accounts and shares in an artificial intelligenc…
Read the full article at: https://www.dailymail.co.uk/news/article-8755313/Boris-Becker-court-claims-hid-property-portfolio-bank-accounts-shares.html
Madam Chos house was splashed with red paint on Sept 10. She believes the incident is linked to her son not settling his debts with loan sharks.
MADAM Cho (not her real name) believes her sons online gambling addiction has driven him to borrow cash from illegal moneylenders.
On Sept 10, the senior citizens house in Section 19, Petaling Jaya, was splashed with red paint at about 9pm.
The incident was then reported to the police.
It is believed that Chos son had once again borrowed money from loan sharks.
Our CCTV camera could not catch the perpetrator who came in a car and splashed red paint over my car parked at the porch.
The paint also splashed over our house wall. I scrubbed the paint so hard that I still have stains of the paint o…
Read the full article at: https://www.thestar.com.my/metro/metro-news/2020/09/21/mum-wants-ah-long-to-stop-harassing-family-over-disowned-sons-debts