One Nation’s newest senator has used his first speech in federal parliament to highlight his migrant roots, bucking the trend of anti-immigration speeches from his party colleagues.
Perth electrician-turned-politician Peter Georgiou credited his Greek immigrant parents with teaching him the value of hard work, pledging to always be proud of his Greek heritage as he addressed the Senate on Wednesday night.
His One Nation colleagues Pauline Hanson and Brian Burston caused controversy when they used their first speeches to parliament in 2016 to call for a ban on Muslim immigration and blame refugees for violent crimes.
Unlike his One Nation colleagues whose speeches were boycotted and heckled by Greens senators, Senator Georgiou was welcomed …
Read the full article at: http://www.news.com.au/national/breaking-news/one-nation-senator-proud-of-migrant-roots/news-story/3f9e5cadc0cfb376f5407ee1e088c297
No entrepreneur relishes restructuring their business. It can be complex and time consuming, but that doesnt stop it from being worthwhile.
Restructuring can be prompted by a number of different things some are the consequence of success, the result of disagreements, or simply commercial imperatives. They might arise, for example, because of a founder leaving, shareholder disputes, a disposal of part of the business, or even inheritance tax planning.
Restructuring may well be unavoidable. Over the years, a company or group might have grown into a hotchpotch of different businesses, product…
Read the full article at: http://www.cityam.com/270354/restructuring-doesnt-have-messy-ordeal
China has a debt problem, and if it continues to place short-term growth goals ahead of managing longer-term financial stability risks, it runs the risk of suffering a sharp growth slowdown, or worse.
Thats the latest assessment from the International Monetary Fund (IMF) who describes Chinas current credit growth trajectory as dangerous given the precedent set by other nations where boom-bust credit cycles have occurred in the past.
International experience suggests that Chinas credit growth is on a dangerous trajectory, with increasing risks of a disruptive adjustment or a marked growth slowdown, the IMF says.
This chart from the group explains why its concerned.
A whole lot of debt has been required in …
Read the full article at: https://www.businessinsider.com.au/2-charts-that-show-the-risk-of-a-financial-crisis-in-china-is-growing-2017-8
You’ve seen them. Those sensational online profiles of people who accomplished massive goals that most of us can only dream of in a ridiculous amount of time. How This 30-Year Old Quit His Job and Became a Millionaire or How This Millennial Bought a Home in NYC on a $30k salary or How This Couple Paid off $200,000 Worth of Debt in a Year.
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Prestige Group , one of the largest listed real estate companies in the country, is gearing up for greater things given that the uncertainty caused by the Real Estate Regulatory Act (RERA) and the Goods and Services Tax (GST) is behind us. The company recently concluded a corporate restructuring to take the business to the next level. In an interview with ET, Irfan Razack , CMD of the group, talks about the reasons behind the restructuring, fund-raising plans and the impending revival of the Indian real estate market. Excerpts…
What is the status of corporate restructuring at Prestige Group?
The restructuring got completed this March 31.Now we have got separate verticals office, retail, hospitality and residential. Prestige E…
Read the full article at: http://economictimes.indiatimes.com/industry/indl-goods/svs/construction/uncertainty-caused-by-rera-and-gst-is-history-irfan-razack-cmd-prestige-group/articleshow/60081363.cms
A SHAMBOLIC care company has gone into liquidation with debts of more than £700,000 after failures that left vulnerable adults at risk of abuse.
A large-scale multi-agency enquiry is now underway and police are investigating allegations into Alo Care Ltd which runs Alo Community Services from Highcliffe, Bellus Lodge, Somerford Avenue in Christchurch and Ado Lodge in Lymington.
Forty four staff have been made redundant while 13 employees were transferred to the company iDirect which has taken over the community care clients.
The statement of administrators proposals says the company had altered incidents involving residents that should have been submitted to authorities.
A series of damning reports from th…
Read the full article at: http://www.bournemouthecho.co.uk/news/15475713.__39_Shambolic__39__care_firm_which_left_vulnerable_adults_at_risk_of_abuse_goes_into_liquidation/?ref=rss
China’s consumers spend too little and its corporate sector spends too much. That’s the blunt message from the latest country report from the International Monetary Fund, which highlights a series of worrying, if not new, imbalances across the Chinese economy.
In six charts the IMF lays out its case for why Beijing needs to act now on its bloated corporate sector and begin the difficult task of reform.
It forecasts the country’s debt-to-GDP ratio will hit nearly 300 per cent by 2022, double that of a decade ago and worse than forecast just 12 months previously.
The IMF says growth has been stabilised and should average 6.4 per cent over the next five years, up from an earlier forecast of 6 per cent.
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Read the full article at: http://www.afr.com/news/economy/international-monetary-fund-warns-on-chinas-ballooning-corporate-debt-20170816-gxx9tx
New Delhi: Resolving the non-performing assets (NPAs) crisis has been a priority for the government. News18 has learnt that the Finance Ministry is thinking of a plan B, to be deployed if the current approach to resolving bad loans does not make substantial progress within a few weeks.
The government and the Reserve Bank of India have identified 12 biggest corporate defaulters which account for about 25% of total NPAs of around Rs 8 lakh crore. Forcing a resolution of these accounts under the Insolvency Code will have a domino effect on the rest, according to government. However, key officials will review the progress made in 2-3 months before taking a decision on whether to change tactics.
The governments philosophy is not to be t…
Read the full article at: http://www.news18.com/news/business/govt-coming-up-with-plan-b-to-resolve-bad-loans-crisis-1492265.html
Seven West Media has reported the companys financial results for FY17. Commenting, the managing director and CEO Tim Worner said: Our results reflect a tough market, one that continues to change at pace, but a pace that we must match in our transformation.
Despite these tougher conditions, we continue to lead in the core markets in which we compete, while at the same time making the necessary and sometimes difficult decisions in the transformation of our business. On the financials, our underlying EBIT was within guidance provided at the announcement of our financial results for FY16. Operating costs continue to be a focus with operating costs down $20 million (excluding Olympic Games, licence fees and 3rd …
Read the full article at: http://www.mediaweek.com.au/seven-west-media-fy17-results/
The retired solicitor at the heart of a repossession standoff over his former south Dublin home is set to exit bankruptcy this month.
Brian ODonnell and his wife, Mary Patricia, were declared bankrupt by the High Court in August 2013 after the family amassed debts of 71 million. The finding was later confirmed by the Supreme Court in February 2015.
Last July the ODonnells bankruptcy was extended after an application by Chris Lehane, the official assignee for the process, for alleged non-co-operation. The ODonnells opposed the move and denied the allegations.
Mr ODonnells son, Blake ODonnell, a solicitor, represented his father and told the High Court that Mr Lehane did not wish to extend Mr ODonnells bankruptcy any further.
Mr ODonnell w…
Read the full article at: https://www.thetimes.co.uk/article/gorse-hill-solicitor-brian-odonnell-to-exit-bankruptcy-0j662rxm9
Section 44 of the Constitution sets out restrictions on who can be a candidate for federal parliament. Five subsections make clear what disqualifies people, but its article one that tripped up the two Greens, government minister Matt Canavan, One Nation senator Malcolm Roberts and deputy prime minister Barnaby Joyce.
It rules out anyone with allegiance, obedience, or adherence to a foreign power, or is a subject or a citizen or entitled to the rights or privileges of a subject or citizen of a foreign power.”
The general idea being that you need to give yourself wholeheartedly to your country and not have any mixed allegiance, Professor Anne Twomey, a constitutional law expert at the University of Sydney, told SBS World News.
