Non-government organisations have hit out at the Coalition after it cut foreign aid in the Federal Budget, calling the move “selfish” and “short-sighted”.
Key points:
- Total aid expenditure will fall by more than $115 million
- Parts of the aid budget are being repurposed and given a sharper strategic edge
- The Pacific has largely been spared, but aid to South Asia and South-East Asia will be cut
Total aid expenditure will fall by $117 million, with the aid budget dropping from $4.16 billion this financial year to $4.04 billion in 2019/20.
The Budget forecasts that aid spending will continue to basically flatline until 2022/23, when the Government has promised to build in spending …
Read the full article at: https://www.abc.net.au/news/2019-04-02/federal-budget-foreign-aid-slashed-by-more-than-$115-million/10963748
SouthGobi Resources: Adoption of dividend policy
VANCOUVER, British Columbia, April 02, 2019 (GLOBE NEWSWIRE) — SouthGobi Resources Ltd. (TSX: SGQ; HK: 1878) (SouthGobi or the Company) is pleased to announce that the board of directors (the Board) has approved and adopted a dividend policy (the Dividend Policy) effective from March 27, 2019. According to the Dividend Policy, the Board shall consider the following factors in determining if and when dividends should be declared and paid in the future based on, amongst other things:
- the actual and expected financial results of the Company at the relevant time (including whether the Company has a…
Read the full article at: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/451-tsx/sgq/60272-adoption-of-dividend-policy.html
In Berlin was opened the bankruptcy proceedings for the airline Germania. A spokesman for the insolvency administrator Rdiger wienberg, the capture first, all claims of creditors, and then individually on their legality and enforceability wants to check confirmed. It seeks to exploit the assets and distribute to creditors, it said.
As the administrator said, can creditors between 8. April and 1. July 2019 to register their claims. A Website has been set up, the documents and information on the conduct of the insolvency proceedings are available.
Vienna mountain currently, more than 600,000 affected passengers, whose flights cannot be held because of the bankruptcy. Whether and in what…
Read the full article at: https://www.globaldomainsnews.com/germania-liquidator-brought-proceedings-against-a-bankrupt-airline
RYAN Thomas is on track to be a millionaire again six years after being declared bankrupt.
The former Corrie star was hit with a 40,000 tax bill he couldnt pay after blowing his soap wages on an extravagant lifestyle.
![Ryan Thomas is on course to be a millionaire again](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 0.8 1"%3E%3C/svg%3E)
PA:Press Association
Ryan Thomas is on course to be a millionaire again But the 34-year-old, who played Jason Grimshaw on the ITV show, has managed to pay back every penny and now his performing arts firm has just filed accounts to show his impressive finances with cash even salted away for HMRC.
Books filed to Companies House show his R. James Thomas Ltd firm has 247,493 in cash.
Hes due to pay the taxman 21,000 for his earnings in 2018.
The generous surplus is after his accountant took out expenses and cash Ryan paid himse…
Read the full article at: https://www.thesun.co.uk/tvandshowbiz/8774005/ryan-thomas-millionaire-bankrupt/
Endologix, Inc. (Nasdaq: ELGX) (the Company), a developer and marketer of innovative treatments for aortic disorders, today announced that it has entered into a definitive agreement to raise approximately $52 million gross cash proceeds through the issuance of approximately 7.9 million new shares of the Companys common stock at a purchase price of $6.61 per share. The Companys net proceeds, after payment of estimated financial advisor fees but before other transaction expenses, is expected to be approximately $49 million. The primary use of this capital will be for working capital and general corporate purposes.
In a separate transaction, the Company also entered into an exchange agreement with two holders of the Companys 3.25% Senior C…
Read the full article at: https://www.globalbankingandfinance.com/endologix-announces-equity-financing-of-52-million-and-debt-restructuring-addressing-2020-maturities-and-financial-covenants/
In his budget speech tonight Treasurer Josh Frydenberg announced that under a Coalition government we will see a decade of surpluses that will continue to build toward 1% of GDP within a decade.
He went on: we climb the mountain and reach our goal of eliminating Commonwealth net debt by 2030 or sooner.
But a funny thing happened on the way to paying off the debt.
Read more:
Iron ore dollars repurposed to keep the economy afloat in Budget 2019
As the budget papers point out, net debt as a proportion of Gross Domestic Product (GDP) is predicted in the budget to peak at 19.2%.
You might ask, then, how do we get from 19% to 0% debt/GDP in ten years if were generating a surplus of 1% per annum?
A small …
Read the full article at: http://theconversation.com/frydenbergs-budget-looks-toward-zero-net-debt-but-should-this-be-our-aim-114185
The Reserve Bank of India (RBI) logo is displayed inside the central bank building in Mumbai | Karen Dias/Bloomberg
Text Size:
New Delhi: The Supreme Court Tuesday quashed the RBI circular of last year that pertains to the provisions for declaring a company bankrupt even on a one-day overdue.
The bench headed by Justice R F Nariman said: We have declared the RBI circular ultra vires.
Reserve Bank of Indias (RBI) had on February 12, 2018 issued a circular saying that lenders have to provide for resolution plan within 180 days in case of large account of Rs 2,000 crore and above.
It said that if a resolution was not found by August 27, Non Performing Asset (NPA) accounts…
Read the full article at: https://theprint.in/india/governance/supreme-court-quashes-rbi-circular-on-company-insolvency/215816/
Five Star Senior Living Inc. (Nasdaq: FVE), or Five Star, today announced that it has entered into a definitive agreement to modify its existing business arrangements with Senior Housing Properties Trust (Nasdaq: SNH).
Five Star expects its current financial position and near-term liquidity challenges will be immediately improved because of the transaction. Key features of the transaction include the following:
- Commencing February 1, 2019, Five Stars aggregate monthly rent payments for the senior living communities that Five Star leases from SNH have been reduced from approximately $17.4 million to $11.0 million.
- Five Star has sold approximately $50 million of property, plant and equipment to SNH relating to the senior living communitie…
Read the full article at: https://www.globalbankingandfinance.com/five-star-senior-living-announces-restructuring-of-business-arrangements-with-senior-housing-properties-trust/
Non-government organisations have hit out at the Coalition after it cut foreign aid in the Federal Budget, calling the move “selfish” and “short-sighted”.
Key points:
- Total aid expenditure will fall by more than $115 million
- Parts of the aid budget are being repurposed and given a sharper strategic edge
- The Pacific has largely been spared, but aid to South Asia and South-East Asia will be cut
Total aid expenditure will fall by $117 million, with the aid budget dropping from $4.16 billion this financial year to $4.04 billion in 2019/20.
The Budget forecasts that aid spending will continue to basically flatline until 2022/23, when the Government has promised to build in spending …
Read the full article at: https://www.abc.net.au/news/2019-04-02/federal-budget-foreign-aid-slashed-by-more-than-$115-million/10963748?section=world
Notice of 7th Meeting of Committee of Creditors of
SOUTHERN ONLINE BIO TECHNOLOGIES LIMITED
Notice along with Agenda and Notes to Agenda for the 7th Meeting of the
Committee of Creditors of Southern Online Bio Technologies Limited
(under Corporate Insolvency Resolution Process) under the provisions of
The Insolvency and Bankruptcy Code, 2016 read with Insolvency and
Bankruptcy Board of India (Insolvency Resolution Process for Corporate
Persons) Regulations, 2016.
Day & Date: Tuesday 8th April, 2019
Time: 3.00 P.M
m
. Bank of India
Telangana Zonal Office, PTI Building, 2nd Floor,
A.C. Guards, Hyderabad-500004.Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/southern-online-bio-technologies-ltd-corporate-insolvency-resolution-process-cirp-intimation-of-meeting-of-committee-of-creditors/article26711149.ece
DALLAS, Texas, April 01, 2019 (GLOBE NEWSWIRE) — Southcross Energy Partners, L.P. (OTCQX: SXEE) (Southcross or the Company) today announced that the Company and its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Southcross expects to continue to operate in the normal course during the court-supervised process.
Southcross intends to use the restructuring process to evaluate a range of options for the Company, including a sale of the business, the divestiture of certain assets or a standalone restructuring plan that would strengthen the Companys financial position, accelerate future growth and enable Southcross to be…
Read the full article at: https://www.globenewswire.com/news-release/2019/04/01/1790424/0/en/Southcross-Energy-Commences-Chapter-11-Reorganization-with-255-Million-in-Committed-Financing.html
