Share: Facebook Twitter Prime Minister Dr. Keith Rowley PORT OF SPAIN, Trinidad, Jan 11, CMC The Trinidad and Tobago government Wednesday night said it is necessary to carry out a restructuring of the state-owned oil company, … Read the full article at: http://www.trinidadexpress.com/20170111/business/government-says-petrotrin-must-be-restructured-in-order-to-survive
Western Australian PC components distributor Softline Australia Distribution has entered liquidation after being unable to pay debts in excess of $200,000. Domenico Calabretta and Grahame Ward of Mackay Goodwin were appointed liquidators on December 20, 2016. Documents lodged with corporate regular ASIC revealed the company sank among a number of debts, including an undisclosed debt…
Parexels restructuring plan to simplify the organization will include eliminating an undisclosed amount of positions as the CRO looks to save on costs. In a form 8-K filed with the SEC on January 6, 2017, the contract research organization (CRO) announced its plan to restructure operations had been approved by the chairman and CEO and…
Bus Éireann has confirmed the company is facing insolvency within 18 months unless decisive actions are taken to reverse losses. The transport providers acting Chief Executive Ray Hernan has told staff the company is facing forecasted losses of 8m for 2016 and warned that, collectively we cannot allow this trend to continue. The company has…
Related Story: Rod Culleton loses position as WA senator after bankruptcy decision Rod Culleton is vowing to fight his removal from federal politics, despite the president of the Senate confirming his disqualification. Key points: Senator Stephen Parry said he had received confirmation for the Federal Court that Rod Culleton was bankrupt…
The threat of the State-owned Bus Éireann becoming insolvent within the next 18 months is very real, its new acting chief executive has told staff. Ray Hernan also said it was clear the loss-making company had to change its business model. However, he insisted that the Expressway service, the companys commercial inter-city coach service which…
The threat of the State-owned Bus Éireann becoming insolvent within the next 18 months is very real, its new acting chief executive has told staff. Ray Hernan also said it was clear the loss-making company had to change its business model. However, he insisted that the Expressway service, the companys commercial inter-city coach service which…
The National Bank of Ukraine started the New Year by closing another bank, declaring Platinum Bank insolvent on Jan. 10. At one time it was Ukraines 22nd largest bank in assets. The central bank reported that Platinum Bank had failed to meet recapitalization requirements reached in June. The Deposit Guarantee Fund is obliged to pay…
Bus Éireann’s Acting Chief Executive Ray Hernan has told staff that the threat of insolvency within the next 18 months is very real, but that the loss-making Expressway service will continue to be a part of the organisation. A report commissioned by Grant Thornton had recommended that Expressway be shut down, which could result in…
(THINKSTOCK) Health Republic of New Jersey, the co-op insurance company created in response to the Affordable Care Act marketplace that was put into rehabilitation late last year, is now in liquidation, according to documents filed by the state Department of Banking and Insurance last month. The document calls for a termination of the rehabilitation process…