Not too long ago, I was a keynote speaker in an investment conference where I was asked to speak about how prepared the Philippine stock market was for the Association of Southeast Asian Nations (Asean) integration. As I was preparing my speech, I realized that our Congress has already done a lot in this area.…
April 5, 2016 2:41 p.m. ET BERLINInternational Monetary Fund Managing Director Christine Lagarde said Tuesday the Washington-based lender is determined to help Greece but the country needs to implement substantial reforms to make this possible. Speaking at a joint news conference with German Chancellor Angela Merkel and other heads of the worlds leading economic organizations,…
The signatures are barely legible, the mark of a man slowly sinking under enormous gambling debts. He made them out before he went on the run after murdering his childrens nanny. Lucan, ironically dubbed Lucky by friends because he barely ever won, signed the 11 cheques drawn on his account with Queens bankers Coutts &…
Having banks and local governments deleverage and trim overcapacity are part and parcel with central government efforts to maintain stable growth by nurturing the supply side of the economy. But even as this is happening, the housing market has been flooded with new loans in recent months, exposing the economy to new risks. The central…
A federal grand jury indicted Diane Kroupa and Robert Fackler on charges of tax evasion, obstruction of a tax audit, conspiracy and making and subscribing false tax returns, the U.S. Attorney for the district of Minnesota said in a statement. As a former tax court judge, Kroupa dealt regularly with individuals who cheated on their…
Consumer Protection WA has taken legal action to stop Peter Kleinig from taking other peoples money and sending it to West African criminals which he refuses to believe a fraudsters. Picture: Consumer Protection WA THE case of a Western Australian man, who refused to believe he had fallen victim to an elaborate scam despite losing…
Rep. Katrina Shankland (D-Stevens Point) A series of bills signed into law by Governor Scott Walker last week are designed to help reduce college debt and get students into the workforce more quickly. Supporters of the bills say they are a good step in the right direction towards preventing future debt. Critics contend the state…
German Chancellor Angela Merkel and IMF Managing Director Christine Lagarde agreed that the Fund will participate in monitoring Greeces bailout program but disagreed on a debt haircut. The two women met in Berlin on Tuesday during a conference of global economic leaders. Merkel said that a debt haircut for Greece was not possible as long…
A new campaign has been launched to outlaw late payments in a bid to save hundreds of Peterborough companies. Called #PayFair, the initiative aims to make Peterborough a no-tolerance city for the late payment of bills among companies. It asks firms to commit to paying on time. Figures show that 620 Peterborough companies closed last…
AMERSHAM, England–(BUSINESS WIRE)–Today, the law changes to allow the reforms under LASPO (Legal Aid, Sentencing Punishment of Offenders Act 2012) to apply to insolvency proceedings. It will fundamentally improve the way cases are resolved for creditors, with significantly greater returns and more rapid resolutions compared to CFA/ATE cases. The reform, instigated by the Ministry of…