A mother who started online gambling with 20p saw her debts spiral to £65,000 in just over a year.

Emma McLeod’s gambling habit nearly caused her to lose her home, almost resulted in her son being removed from nursery when she stole his childcare payments, and placed a “big burden” on her parents.

Now, after being in recovery for six years, the 41-year-old works with Blackpool’s Empowerment charity helping problem gamblers.

‘Horrific’

Speaking to the BBC, McLeod explained: “It started with a 20p bingo book, then £10 every other day and within four to six weeks it was hundreds of pounds every day. I got into £65,000 of debt in 14 months. It was horrific.”

“I used to do the banking…

Mr. Kris Chantanotoke, Chief Executive Officer of the Siam Commercial Bank Public Company Limited (SCB), made a comment regarding the economic situation in Thailand and trend of commercial banks amid fast-pace digital transformation.

The CEO stated that the company can maintain and cap its non-performing loans (NPL) at about 3.31% despite facing the volatility in the Thai economy. Additionally, the company also plans to downsize its organization, closing the number of its current branches from 651 to about 500 branches.

The CEO also stated that ever since he was appointed to this position on August 1, 2022, his primary goals for SCB are to build highest confidence among the customer while turning the company to a leading wealth…

Financial authorities failed to act on allegations of fraud at the jeweller Vashi before the company collapsed with debts of £170 million ($230 million), The National can reveal.

John Ames, a senior manager based in London, told the Insolvency Service he believed investors were being shown wildly exaggerated sales figures and were falling for false claims that the “disrupter” jewellery company held huge stocks of diamonds.

The whistleblower’s warnings were made in May 2022 but ignored, and investors, many of whom are from the Middle East, subsequently invested millions into the jeweller. The company’s founder, Vashi Dominguez, disappeared as his firm was wound up in April 2023.

An investigation by The National first revealed a £200…

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:

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A Members Voluntary Liquidation (MVL) is the formal process taken to wind up the affairs of a solvent company.

A solvent company is one that has more assets than liabilities and can therefore pay off all its debts. This process involves directors, shareholders, and a licensed insolvency practitioner working together through the liquidation process and ensuring legal requirements are met. Whilst it may be possible to distribute funds to shareholders and have the company dissolved without an MVL, it is often beneficial to enter into an MVL to maximise tax advantages for the company and the shareholders

The company directors are responsible for issuing a declaration of solvency, which confirms that the company can settle its debts within a…

BEIJING (Sept 12): China’s fiscal policy has ample room, the government’s debt ratio remains “reasonable” and risks are controllable, Finance Minister Lan Foan said on Friday, pledging a more flexible fiscal push to shore up economic growth.

The world’s second-largest economy has been hobbled by persistently weak domestic demand, a multi-year property crisis and mounting US trade pressure. Exports slowed in August as the boost from a US tariff truce faded, fuelling calls for more stimulus.

“Fiscal policy…always keeps contingency measures in reserve and there remains ample room for stronger fiscal support in the future,” Lan said at a press conference in Beijing.

“Next, the Finance Ministry will continue to maintain policy…