Read the full article at: http://www.telegraph.co.uk/travel/destinations/caribbean/barbados/articles/barbados-tourist-tax-cost/
Deloitte is facing a high-profile legal dispute over insolvency work it carried out in 2012 after quietly dropping a legal challenge to the claim being brought.
The owners of a collapsed caravan park company, Arthur Holgate & Son, are expected to file their claim against Deloitte within weeks, in what will be one of the first against insolvency practitioners to stem from the financial crisis. It is thought that the Holgates, the family behind the business, are suing the partners at Deloitte over the conduct of the administration. The company operated caravan parks in Cumbria, Dumfries and York.
A hearing to exa…
Read the full article at: https://www.thetimes.co.uk/article/deloitte-row-over-insolvency-kzc79rljb
Written by Kate McDonald on .
Pulse+IT’s weekly round-up of international health IT news for the week ending July 1: Amazon buys into US pharmacy market, Outcome Health’s poor outcome, GE spins off healthcare division, transparent Deepmind, US Veterans’ EHR, Medtronic and IBM Watson AI for diabetes, Welsh GPs swap preferred PMS, meaningful use v activities-based approach
Amazon’s attack on pharmacies has just begun
Washington Post ~ Carolyn Y Johnson ~ 28/06/2018
Online retail giant Amazon is entering the pharmacy business after months of speculation that the company could disrupt how prescription drugs are sold the same way it upended bricks-and-mortar retail.
Outcome Health: The fall of a healthcare unicorn and the r…
Read the full article at: https://www.pulseitmagazine.com.au/news/australian-ehealth/4434-international-health-it-week-in-review-july-1
A 13-YEAR-old boy with a gambling addiction managed to blow $A106,000 on betting websites after stealing his dads credit card.
The teenager, from Lancashire, got hooked after seeing adverts for online bookmakers while watching a football match at Wembley, reports The Sun.
He used his mobile phone to take pictures of his company director dads business credit cards and set up a betting account in his parents identity.
The youngster, who has not been identified, began placing hundreds of bets a week on football matches and horses and some stakes were as much as $A5300 a time.
He told the Sunday Mirror: I had no idea that gambling could be an addiction like smoking, drinking or drugs. It seemed like fun and I thought I would make money too.
It …
Read the full article at: https://www.news.com.au/technology/online/boy-13-with-gambling-addiction-blows-106k-placing-online-bets-after-stealing-dads-credit-card/news-story/3a74b927a37754093df2d01a89155433
SACRAMENTO, Calif. (AP) – Special California prisons intended to protect gang informants, disgraced cops and child molesters have become so violent, gang-riddled and crowded that officials are dismantling what’s become the United States’ largest protective custody program.
The inmates are gradually being integrated into the general prison population, where some advocacy groups fear they will be even worse off.
California created the so-called Sensitive Needs Yards nearly two decades ago.
By 2015, their population ballooned to about a third of the state prison system’s 130,000 inmates, with all the problems of a mainline prison: nearly 100 gangs; smuggling of drugs like the Fentanyl that killed one inmate and sickened 12 this s…
Read the full article at: https://www.kveo.com/news/national/dismantling-california-atrisk-inmate-housing-brings-hurdles/1276943140
Joy was not the only member of Garys family to have begged the Dee Why RSL to intervene to curb his gambling. His wife Sonia says she had twice appealed to a manager at Dee Why to step in, once last December and again in January or February.
Im not the carrying on and sobbing type, but I was then, Sonia recalls.
She received the same response as Joy: under the NSW self-exclusion regime, Gary would have to ban himself. In essence, Sonia would have to convince Gary to have himself excluded.
The Dee Why RSL has been a focal point for the Van Duinens, as it is for so many other locals. They ate and drank and met friends there. They saw bands and danced and celebrated family occasions there. They played the pokies there.
Looking back now, Sonia s…
Read the full article at: https://www.smh.com.au/national/nsw/gary-went-on-a-13-hour-gambling-binge-by-the-time-his-family-raised-the-alarm-it-was-too-late-20180701-p4zov1.html
A casino operating on Saipan is suing a VIP gambler because he has not honored a $5 million credit marker he used to gamble with at its only casino.
Imperial Pacific International, the gaming company that runs the casino, is suing Yonglun Bao, a Chinese businessman who has been known to gamble millions of dollars at a time. Originally, Bao was given a $20 million credit line when he visited the temporary casino on the Western Pacific island.
The casino became permanent in February 2017. This offering of such a large amount of money is not uncommon for high rollers in China. However, it is unusual for a casino to offer such a large amount without a different financial institution acting as a middleman. The institution is then able to go aft…
Read the full article at: https://www.usaonlinecasino.com/casino-news/imperial-pacific-sues-chinese-vip-over-5m-gambling-debt/
Second generation ownership accelerating efforts to revive company
THE days of it being a conglomerate, trying to cover as many business sectors as possible, are over.
As far as Malayan United Industries Bhd 
(MUI), which is currently undergoing a corporate restructuring and business transformation process, is concerned, the way forward is to focus on its core competencies and build a sustainable organisation that brings value to all its stakeholders.
MUI chief executive officer Andrew Khoo Boo Yeow, who is now in the drivers seat to revive the loss-making company, says the main goal is to ensure that the group is positioned to be sustainable in the long run.
My approach is, lets be strong and good at certain aspects of the business,…
Read the full article at: https://www.thestar.com.my/business/business-news/2018/06/30/rebuilding-mui/
Silchar: The National Company Law Tribunal (NCLT) has ordered commencement of a corporate insolvency resolution process against Hindustan Paper Corporation Limited (HPCL), apparently putting thousands of workers of the two paper mills in Assam, including those of Cachar Paper Mill in Barak Valley, in dire straits.
The tribunal, a quasi-judicial body under the Centre, adjudicates issues related to Indian companies. It was established under the Companies Act, 2013, and constituted on June 1, 2016, by the Centre.
A senior official of HPCL on Friday said they had received a notice from the tribunal on Thursday afternoon. “This came as a shocker. We are worried about the mill’s fate,” he said.
All creditors of HPCL, including the employee…
Read the full article at: https://www.telegraphindia.com/states/north-east/paper-mill-faces-insolvency-241206
THIS should have been one of the very darkest weeks in the history of General Electric (GE). The firm founded by Thomas Edison has been a member of the Dow Jones Industrial Average, a stockmarket index composed of leading American companies, for over a century. Alas, mismanagement and a failure to move with the times have turned the erstwhile icon of innovation into a disorganised, debt-laden mess. GEs shares have plunged to below a quarter of their peak value in 2000. On June 26th GE was ejected from the Dow index and replaced by Walgreens Boots Alliance, a big health-care firm.
Yet on that same day a ray of sunshine also fell on GE. John Flannery, an insider known for his number-crunching skills who has been the troubled firms boss sinc…
Read the full article at: https://www.economist.com/business/2018/06/28/john-flannery-gets-down-to-business-restructuring-general-electric
Vadodara: The National Company Law Tribunal (NCLT), Mumbai bench has given an order to commence corporate insolvency process against city-based Sterling Biotech Ltd (SBL) that had defaulted on loans taken from Andhra Bank. The order to commence insolvency was given on June 11 and made public on June 26.
The CBI had in October last year had booked SBL directors, Chetan Sandesara, Dipti Sandesara, Rajbhushan Sandesara, Nitin Sandesara, Vilas Joshi along with chartered accountant Hemant Hathi and Anup Garg, former director of Andhra Bank allegedly cheating public sector banks of Rs 5,383 crore. The CBI had alleged that SBL took loans from a consortium led by Andhra Bank which have turned into non-performing assets.
Andhra Bank that had…
Read the full article at: https://timesofindia.indiatimes.com/city/vadodara/rs-5383cr-bank-fraud-sterling-biotech-ltd-faces-insolvency/articleshow/64796904.cms
BERLIN The German parliament has approved a debt relief package for Greece that is meant to help wean the country off its rescue loans as its eight-year bailout program comes to a close.
Lawmakers in Berlin voted 410-226 on Friday to support the package, which Greeces European creditors and the International Monetary Fund agreed on last week. There were seven abstentions.
Finance Minister Olaf Scholz told parliament that what we are sending here is a signal of European solidarity. He said that Greece will be able to stand on its own two feet after the bailout program concludes in August and Greece is on the right path.
Greece will remain under enhanced supervision by its creditors.