BANGKOK, Thailand – Krungthai Bank has launched “Khun Soo Rao Chuay” or “You Strive We Support Phase 2,” a debt relief program responding to government policy on household debt. The initiative adjusts conditions and adds new measures to assist vulnerable retail and Small and Medium-sized Enterprise (SME) customers who have not yet defaulted on loans, aiming to prevent them from accumulating bad debt.

Suripong Tantiyanon, Chief Retail Banking Officer at Krungthai Bank, announced that the program is designed to help customers maintain stability and retain essential assets. The program…

(InvestigateTV) — Getting a call from a debt collector can feel overwhelming—and intimidating. But consumer advocates say the worst thing you can do is panic or pay right away. Before taking action, it’s important to validate the debt and understand your legal rights.

Leslie Tayne, a veteran debt relief attorney, said one of the most common mistakes people make is avoiding debt collection calls altogether.

“Don’t be afraid to say, who are you? Where are you calling from and what is the purpose of the call?” Tayne advised. “If you’re still unsure whether they’re asking you for personal information to verify certain details, you can ask them for a phone number. You can look them up yourself online. Do a little independent…

EUROCASTLE INVESTMENT LIMITED

                                       FOR IMMEDIATE RELEASE

Contact:        

Oak Fund Services (Guernsey) Limited

Company Administrator

Attn: Nicole Barnes

Tel: +44 1481 723450        

Eurocastle Releases First Quarter 2025 Interim Management Statement and Announces Release of €4.6…

The U.S. labor market remains stubbornly tight despite mixed signals in hiring, while federal debt balloons to record levels—setting the stage for an inflationary reckoning. Under MAGA-fed policies, the interplay of rising debt, artificially low interest rates, and structural wage pressures creates a perfect storm for investors. Here’s why inflation-protected securities (TIPS) are now critical to preserving purchasing power, while traditional Treasuries risk becoming inflation’s sacrificial lamb.

Labor Market Tightness Fuels Silent Inflation Risks

The latest Job Openings and Labor Turnover Survey (JOLTS) reveals a labor market stuck in gridlock. Job openings surged to 7.77 million in May 2025, a six-month high, with hiring rates…

The companies were sanctioned by the US Department of Treasury’s ­Office of Foreign Assets Control (OFAC).

In 2023, the High Court ordered that GTLK Europe and GTLK Europe Capital be wound up. The companies were liquidated on foot of an application from their creditors, who were owed close to $180m (€153m).

The largest unsecured creditor of GTLK Capital, and therefore the group, is its bondholders. The aggregate outstanding principal amount of bonds issued by the companies is $3.25bn.

The two insolvent Irish firms controlled assets including about 70 jets and 19 sea-­going vessels valued at about €4bn. It is the biggest ever liquidation in Ireland.

The companies’ activities were hit by sanctions imposed on Russian ­entities and…

Calgary-based robotics startup Attabotics has closed its doors and filed a notice of intention (NOI) to make a proposal under the Bankruptcy and Insolvency Act. 

An NOI for both its Canadian and American operations, dated July 2, was posted on the website of its trustee, business consulting firm Richter. An NOI does not necessarily mean a company has filed for bankruptcy or is in receivership, but alerts creditors to financial difficulties and grants a stay on claims and proceedings in order to craft a proposal to creditors with a trustee’s assistance. 

Attabotics had found…

Lenders to GVK Power and Infrastructure (GPIL) would re-run the debt-laden company‘s insolvency process and seek separate bids for each of the four individual assets that cover businesses as diverse as land parcels, power, roads, and a residual stake in the Mumbai airport, documents accessed by ET showed. About ₹16,000 crore of bank funds are stuck in this account.

“This is the second attempt to find a buyer,” a finance industry executive aware of the details told ET. “Lenders believe that selling the company on an asset basis will lead to better value since this company has different businesses and not all bidders will be keen to bid for the company…

“The human consequences of rising debt burdens, escalating trade tensions and steep cuts to official development assistance have been brought into sharp relief this week,” she told the closing session of the pivotal gathering, amid sizzling temperatures across southern Spain.

Multilateralism at work

But against that backdrop, the conference has delivered a strong response – a unifying outcome document focused on solutions that reaffirms the Addis Ababa commitments made a decade ago, which seeks to “rekindle the sense of hope” through the Sustainable Development Goals (SDGs) and shows that multilateral cooperation still matters and still works, Ms. Mohammed said.

She welcomed host nation Spain’s commitment to help launch a new…

TOKYO – A record number of ramen noodle eatery operators in Japan went out of business in 2024, according to a research firm, as the food’s reputation for affordability limits room to raise prices amid soaring ingredient and utility costs.

Also hit by climbing personnel expenses due to labor shortages, insolvencies among ramen business operators resulting in liabilities of at least 10 million yen ($63,000) in 2024 jumped over 30 percent to 72, up from 53 in 2023, Teikoku Databank Ltd. said.

Japanese ramen soup noodles typically combine meat and vegetable toppings with broth. Despite rising costs, the average price of a bowl of ramen is still under 700 yen, according to Teikoku Databank. A popular lunchtime…

On bailiffs, we’re delighted that the government has announced that it intends to introduce statutory regulation and has issued a consultation on its proposals. It’s taken many years to get to this – frankly – commonsense position, and we hope that the implementation of these proposals will be speedier.

And crucially, the government’s public commitment to consult on reform of council tax debt collection – one of the most significant drivers of enforcement – offers the opportunity to better help those who fall behind so that collection does not escalate to bailiff enforcement in the first place.

As for debt advice provision, we’ve proved that we can deliver our service innovatively and with funding from a…