Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
The Federal Governments $2 billion injection into the WA Budget is set to save the States taxpayers from more pain, with Treasurer Ben Wyatt saying the extra cash will help slash debt and deficit.
As Liberal MPs used the GST overhaul as a rallying cry ahead of a looming Federal election, the State Government may now be able to bring forward by a year the expected return to Budget surplus and reconsider planned increases in fees and charges.
Under the Federal proposal, WA will get a top-up over the next three years of $2 billion, starting with $814 million in the 2019-20 financial year. This will take WAs GST share to 70¢ in the dollar.
The State Government was expecting next years Budget to show a deficit of $160 million. But the $814 milli…
NEW DELHI: Home buyers can now seek relief as financial creditors from bankrupt builders, and resolution professionals will have to determine within a stipulated time whether a corporate debtor undergoing bankruptcy resolution had indulged in a fraudulent transaction.
The Insolvency and Bankruptcy Board of India (IBBI) has notified revised regulations for insolvency law, incorporating the amendments made through an ordinance last month. The amended law has placed home buyers on par with other creditors and allowed withdrawal of insolvency proceedings under certain conditions.
The regulations provide for a model timeline of the corporate insolvency resolution process so that the 180-day timeline is met for resolving a bankruptcy case un…
ATHENS (Reuters) – Relief measures agreed with Greeces official creditors to help render its debt load sustainable will help smooth the countrys return to market financing, the Bank of Greece said in a monetary policy report on Monday.
People make their way past the Bank of Greece headquarters in Athens, Greece, May 16, 2017. REUTERS/Costas Baltas
But it warned that in the longer term, debt sustainability will hinge on maintaining fiscal and reform efforts and further debt relief by its euro zone creditors.
Last week euro zone finance ministers extended maturities and deferred interest payments on 96 billion euros worth of Greek debt, about one third of the countrys overall debt pile.
Greece has the highest debt-to-GDP ratio in the euro …
LA JOLLA, Calif., July 5, 2018 /PRNewswire/ — Regulus Therapeutics Inc. (Nasdaq: RGLS), a biopharmaceutical company focused on the discovery and development of innovative medicines targeting microRNAs, today announced a strategic update and corporate restructuring. With the goal of extending its cash runway, Regulus has taken the following steps: recruitment activities for the RG-012 clinical program in Alport syndrome have been paused while discussions with Sanofi to potentially restructure the partnership are ongoing; preclinical research efforts will be focused on its Hepatitis B virus (HBV) programs; and a workforce reduction of approximately 60% is being implemented. These actions are anticipated to yield over $20 m…
THE Federal Governments $2 billion injection into the WA Budget is set to save the States taxpayers from more pain, with Treasurer Ben Wyatt saying the extra cash will help slash debt and deficit.
As Liberal MPs used the GST overhaul as a rallying cry ahead of a looming Federal election, the State Government may now be able to bring forward by a year the expected return to Budget surplus and reconsider planned increases in fees and charges.
Under the Federal proposal, WA will get a top-up over the next three years of $2 billion, starting with $814 million in the 2019-20 financial year. This will take WAs GST share to 70¢ in the dollar.
The State Government was expecting next years Budget to show a deficit of $160 million. But the $814 milli…
There are questions that are acceptable on a date. Do you have siblings? Are you into rock climbing? Do you even like your job? And questions that just arent: when was the last time you had sex? What was your ex like? Are you in debt?
One of the biggest taboos when dating is discussing money. Its awkward enough having to discuss the bill situation let alone asking what the other person earns and whether theyre in the red. Its just not done in British society to the point where people even find it uncomfortable to ask for pay rises, or tell their friends how much they earn. Its seen as vulgar, crude, and if youre doing it on a date peak gold-digger.
Currently, just 4 percent of employers offer student debt assistance. But that’s changing as more employers come to realize education debt is a problem for many of their workers, said Katie Berliner, account executive at YouDecide, a benefits firm.
“In order to attract and retain talent, employers are looking at offering contributions to people’s student loans,” Berliner said.
Companies that have offered their employees help with their student loans include Aetna, Penguin Random House, Nvidia and Staples.
Regional airline JetGo will be liquidated after a western New South Wales council was successful in its application in the Supreme Court today to wind up the company.
JetGo serviced cities across regional Australia including Wollongong, Dubbo, Wagga Wagga, Albury, Rockhampton, Townsville, and Karratha.
The council’s court action began before the directors of JetGo appointed voluntary administrators.
In a statement to the ABC, Dubbo Regional Council said legal action had been necessary because it was owed “significant outstanding fees” by JetGo and due to “the absence o…
Drake & Scull International (DSI) said on Thursday that chief financial officer Feras Khalthoum had been appointed chief restructuring officer, a new post at the Dubai-listed construction firm.
The company has appointed PG Raut as its new CFO, replacing Khalthoum, it said in a bourse statement.
DSI did not provide details of the chief restructuring officers role.
The company, whose shares are among the worst performers in the Dubai stock index, has been lagging as a result of concern about its financial position, business outlook and the outcome of a probe in…
Gilbert was jailed for three years at Bristol Crown Court.
Archant
A Portishead man stabbed his friend, who had loaned him £40,000, in the back.
Mark Gilbert, of West Hill, was jailed for three years at Bristol Crown Court on Thursday after admitting causing actual bodily harm to Michael Turner, who lent him…
Albert Yuma-Mulimbi, president of the board of directors of Gécamines
The DRC’s state-owned mining company Gécamines has commenced with the restructure of its business as part of a transformation plan to bring the company back to a state of growth and profitability.
The companys transformation plan, first announced in June this year by Albert Yuma-Mulimbi, president of the board of directors of Gécamines, officially started this Tuesday, promising excellent prospects for Gécamines.
This reform is based on two main principles:
An organisation chart positioned around decentralised management, and based on a logic of empowered, integrated and autonomous productive units (Business Units).
Broome-based cruise ship business Ahoy Buccaneers has gone into voluntary administration.
The management of operating company Bloo Moons Pty Ltd is now the responsibility of administrators Matthew Woods and Hayden White of KPMG Perth.
A creditors meeting will be held at the Mercure Hotel in Broome on Monday (July 9) at 2.30pm.
Prior to the company going into administration, Consumer Protection said it had received several complaints about Ahoy Buccaneers from clients who had paid for cruises that were cancelled without refunds.
These included a group of tourists who had flown to Broome from Queensland for the cruise, only to find out once they had arrived that their cruise had been cancelled.
