Even on a low income its possible to control debt or to get out of debt. Managing your debt is all about taking control of your spending behaviour by changing your mindset. That doesnt mean its easy, of course, but it does mean that if you are determined to overpower this nightmare, you can. Commit to making whatever lifestyle changes are necessary. Start living within your means. If you have to use credit, use it responsibly and draw up a budget and most of all sti…
Read the full article at: https://www.iol.co.za/personal-finance/debt/eight-tips-to-help-keep-you-debt-free-17734172
Companies
Thursday, November 1, 2018 8:26
By GALGALLO FAYO
Local operators of global technology firm Siemens AG, which is building 1,000km high voltage direct current lines between Ethiopia and Kenya, is seeking the courts protection to stop a firm that is threatening to file an insolvency petition over a disputed bill.
Siemens says in court filings it is apprehensive that if not restrained by the court Afrikon Limited might go ahead with its threat to file a winding up petition causing it reputational damage.
Siemens was initially awarded the contract in a consortium with construction company Isolux Corsan.
The tender was placed by the Ethiopian Electric Power Corp…
Read the full article at: https://www.businessdailyafrica.com/corporate/companies/Siemens-says-Sh45bn-at-stake-in-Kenya-firm-row/4003102-4831522-10ddptm/index.html
Local operators of global technology firm Siemens AG, which is building 1,000km high voltage direct current lines between Ethiopia and Kenya, is seeking the courts protection to stop a firm that is threatening to file an insolvency petition over a disputed bill.
Siemens says in court filings it is apprehensive that if not restrained by the court Afrikon Limited might go ahead with its threat to file a winding up petition causing it reputational damage.
Siemens was initially awarded the contract in a consortium with construction company Isolux Corsan.
The tender was placed by the Ethiopian Electric Power Corporation and the Kenya Electricity Transmission Company and funded by the World Bank.
At the centr…
Read the full article at: https://www.nation.co.ke/business/Siemens-says-Sh45bn-at-stake-in-Kenya-firm-row/996-4831546-nxh187z/index.html
Marketing startup Unlockd has dropped its legal case against Google as the company faces winding-up moves from its liquidator.
The company, which pushed advertising on users phones in return for rewards, went into administration in June after Google moved to block the service from its Android operating system, triggering a legal dispute over what founder Matt Berriman described as unlawful behaviour by the US tech giant.
Unlockd founder Matt Berriman slammed Google for unlawful conduct in its attempt to block his app from their Android operating system
While Unlockd withdrew its case before the Federal Court on Wednesday, Mumbrella understands parties to the case are still reserving their right to restart the action against Google as the…
Read the full article at: https://mumbrella.com.au/adtech-startup-unlockd-drops-google-legal-case-ahead-of-winding-up-proceedings-550110
Chennai, Oct 31 (PTI) The Madras High Court on Wednesday issued a notice to the Insolvency and Bankruptcy Board of India (IDBI) on a petition which sought to restrain it from proceeding with insolvency applications of corporate bank loan defaulters.
Justice R Mahadevan also impleaded the Reserve Bank of India as a respondent.
The court observed that when farmers are dying due to inability to repay loans, the attitude of bankers towards such corporate defaulters has to be viewed seriously.
Petitioner Siddarth Govind, an advocate, submitted that five major corporate bank loan defaulters alone owed around Rs 78,000 crore to various banks.
He sought a direction restraining the IDBI from proceeding with the insolvency applications till disposa…
Read the full article at: https://www.theweek.in/wire-updates/national/2018/11/01/lgm5-tn-hc-corporate defaulters.html
KUALA LUMPUR, Malaysia U.S. authorities have charged a fugitive Malaysian financier and two former Goldman Sachs bankers in a money laundering and bribery scheme that allegedly pilfered billions from Malaysian state investment fund 1MDB. The corruption scandal involving the fund had already upended politics in the country. Prime Minister Najib Razak, who set up the fund, was ousted in a May election and now faces criminal charges in Malaysia. Last year, the country sank to its worst-ever rating in the influential Corruption Perceptions Index compiled by Transparency International. Heres a look at the fund and how the scandal has played out:
1MDB WHAT?
The fund, 1Malaysia Development Berhad, was set up in 2009 to promote e…
Read the full article at: https://ottawacitizen.com/pmn/business-pmn/ap-explains-the-fund-at-the-centre-of-a-scandal-in-malaysia/wcm/0e6c0c5a-e8e3-4a11-840b-b4ec85e19116
By Associated Press,
KUALA LUMPUR, Malaysia U.S. authorities have charged a fugitive Malaysian financier and two former Goldman Sachs bankers in a money laundering and bribery scheme that allegedly pilfered billions from Malaysian state investment fund 1MDB. The corruption scandal involving the fund had already upended politics in the country. Prime Minister Najib Razak, who set up the fund, was ousted in a May election and now faces criminal charges in Malaysia. Last year, the country sank to its worst-ever rating in the influential Corruption Perceptions Index compiled by Transparency International. Heres a look at the fund and how the scandal has played out:
___
1MDB WHAT?
The fund, 1Malaysia Development Berhad, was set u…
Read the full article at: https://www.washingtonpost.com/world/asia_pacific/ap-explains-the-fund-at-the-center-of-a-scandal-in-malaysia/2018/11/01/92e3a6b6-ddff-11e8-8bac-bfe01fcdc3a6_story.html
Beyond Vision Media Ltd (BVM), becomes the fourth of a group of connected companies to be shut down in the public interest.
BVM, a Manchester-based company and its sister companies, all sold customers services to improve their online business profiles, all, to little or no commercial benefit.
All four companies have been wound up following investigations by the Insolvency Service.
In the case of BVM, the alleged customer offer was to manage company business profiles on Google Places for business.
The first of the four companies operating the model to be wound-up (in April 2015), was On Line Platform Management Consultants Ltd, following that the second was Movette Ltd in July 2017 before the third TBL (UK) Ltd, in August 201…
Read the full article at: https://www.miragenews.com/fourth-connected-online-advertising-company-shut-down-in-public-interest/
The Dutch Safety Board is launching an investigation into the way in which patient safety was handled after MC Slotervaart in Amsterdam and the MC IJsselmeer hospitals in Lelystad and surroundings were declared bankrupt last week. The Safety Board wants to examine how the interests of the patients were weighed before and during the bankruptcy process, NU.nl reports.
The hospitals were declared bankrupt on Thursday. On Friday all patients in MC Slotervaart had to leave the bankrupt hospital before 3:00 p.m. Around 50 patients were transferred to other hospitals by ambulance. This was experienced as very stressful by many of the patients, healthcare professionals said, according to the newspaper.
According to MC Sloterv…
Read the full article at: https://nltimes.nl/2018/10/31/safety-board-investigates-patient-safety-bankrupt-hospitals