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Melburnians have been most likely to work as professionals, tradies, managers, salespeople and in administration since the turn of the century but who we work for has
MOSCOW, December 5 (RAPSI) The Moscow Commercial Court has declared Carlo Pazolini shoe retailers founder Ilya Reznik bankrupt, RAPSI has learnt in the court.
A procedure of Rezniks property disposal has been commenced for a period of six months.
On April 6, the court initiated the procedure of debt restructure against Reznik on ATB Banks request. On April 14, Alfa Bank filed an application seeking to include a 1.9-billion-ruble debt ($33.6 million) on the list. On May 31, several Russian companies and banks filed six applications with the Moscow Commercial Court asking to include 5.5 billion rubles (about $97.1 million) owed by Reznik on the list of creditors’ claims.
KUALA LUMPUR: Only two out of the 2.8 million borrowers of the National Higher Education Fund Corporation (PTPTN) loans were declared bankrupt since the establishment of the institution in 1997.
Its chairman, Datuk Dr Shamsul Anuar Nasarah, said the bankruptcy declaration had to be made after the borrowers failed to comply with the court decision.
Shamsul Anuar, who is also UMNO Welfare Bureau chairman, said this fact had refuted the allegation made by some quarters, especially the opposition, that the PTPTN was a cruel institution as it had strong tendency to declare its errant borrowers as bankrupt.
In comparison to other financial institutions providing loans to students, PTPTN is the most flexible, lenient and easiest to negotiate with,…
Major Perth architecture practice JCY has been placed into liquidation after being hit by the slowdown in work volumes, pricing pressures and losses on the Perth Childrens Hospital.
JCY had 12 registered architects and 27 staff earlier this year, making it the eighth largest architecture practice in Perth, according to research by Business News for the BNiQ Search Engine.
Director Andrew Rogerson said staff numbers had fallen slightly in recent weeks, while 11 staff have left the business this week.
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NCIX filed for bankruptcy last Friday after closing down its last walk-in retail store. The exact reasons why the company had run out of money are not disclosed officially, but chatter indicates that NCIX spent too much on retail stores and too little on improving the efficiency of its online business.
NCIX (or Netlink Computer Inc.) was founded in 1996 by Steve Wu in Burnaby, British Columbia. Initially, NCIX was a walk-in retail outlet, but in 1997 the company began to sell products online, attracting customers both from Canada and the US. Over the years, NCIX established multiple walk-in stores in Canada and expanded its online business in North America to a point when it had to build a distribution center in California to serve …
Melburnians have been most likely to work as professionals, tradies, managers, salespeople and in administration since the turn of the century but who we work for has changed.
More than a decade ago, Melbourne decoupled from the corporate giants once synonymous with this city and its employment market diversified, says urban economist Terry Rawnsley.
More and more Melburnians work as tradespeople.. Photo: Louise Kennerley
So despite big corporates shedding hundreds of thousands of jobs over the past few years, Melbourne has continued to grow.
The city’s GDP grew by 2.8 per cent to reach a record $324.9 billion last financial year, fuelled by nation-leading population growth.
Wollongong Coal is looking to improve its troubled finances which could be further hit by a long list of fines and unresolved legal claims worth more than $40 million by selling off just under 200 hectares of colliery land at West Dapto.
Posting a half-yearly loss of $23.7 million, the Illawarra miner has also outlined plans to ramp up production at its Wongawilli colliery.
Wollongong Coals (WLC) half yearly report, to September 30, was lodged with the stock exchange late on Friday afternoon, after the ASX halted trading earlier that day due to the failure to submit the document.
The European Stability Mechanism (ESM) has successfully implemented the short-term debt relief measures for Greece over the course of 2017. The package is intended to reduce the interest rate risk on Greeces outstanding loans with the European Financial Stability Facility (EFSF) and ESM. It is expected to substantially reduce the countrys debt burden over the longer term.
The ESM is delivering the package of short-term debt relief measures for Greece that euro area finance ministers endorsed a year ago. This will help the country in its efforts to regain the confidence of markets. Greece must now continue reforming its economy, so that it can successfully exit its third assistance programme by Augu…
MONTREAL, Quebec, Dec. 04, 2017 (GLOBE NEWSWIRE) — Quest Rare Minerals Ltd. (the “Company” or “Quest”) announced that on December 4, 2017, the Superior Court of Québec granted Quest Rare Minerals motion for an extension of the delay to file a proposal pursua…
ROHNERT PARK, Calif., Dec. 4, 2017 /PRNewswire/ — PLUS loans are federal student loans available for graduate and professional students to help them pursue their advanced education dreams. However, with the higher interest rates and other contributing factors, borrowers who have PLUS loans often hold more debt than those who don’t. Higher debt means higher monthly payments, which can be difficult to handle. Ameritech Financial, a document preparation company that assists borrowers in applying for income-driven repayment plans through the Department of Education, can help PLUS loan borrowers potentially lower their payments and focus on the reason they went to grad school.
Good Girls is an upcoming TV series from NBC, about a bunch of desperate suburban mums who decide to rob a grocery store to solve their problems. Pretty basic stuff? Heres the kicker: it stars an absolutely gun cast including Christina Hendricks, Mae Whitman and Retta. Its also made by Amy Poehler and Kim Rosenstock (New Girl).
In the genre of Breaking Bad and Weeds, the group of normal women are pushed into committing some light armed-robbery due to a variety of bad circumstances, including a chronically ill child, a spousal gambling debt, and a custody battle. The series is described as a comedy-infused drama, kind of like…
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the liquidation of Gupta Coal India.(Representational image)
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the liquidation of Gupta Coal India, sources aware of the development told FE. The Nagpur-based firm had filed a petition for the initiation of insolvency proceedings and was admitted by the NCLT on March 9. A mail sent to the company remained unanswered till the time of going to press. The company owes lenders close to `2,580 crore, according to the NCLT order on March 9. Around 13 banks, led by Bank of India, are believed to have loaned the company money. Gupta Corporation, Gupta Global Resources and Gupta Energy are…
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the liquidation of Gupta Coal India.(Representational image)