Three in four Australians have not seen a financial adviser in the last five years despite an increasing number of them believing they will fall well short of being able to fund their retirement, according to MLC. The MLC Wealth Sentiment Survey showed that between the fourth quarter of 2016 and the first of 2017,…
Commerce Ballarat’s David Wright says insolvency has many causes. Ballarat recorded 45 new personal insolvencies in the last three months to make it a regional hot spot for debt. It puts Ballarat close to Geelong, with 59, and well ahead of Bendigo, with 29. There were also seven new business related insolvencies in the city with…
Knowing how to take control of your credit card bill is an important life skill, and as it turns out, women are better at it than men. In a new survey of 2,031 Australians, most women said theyd start to worry about their credit cards once the debt reached $3,605. Men said they wouldnt worry…
DUBAI: An Indian businessman in the UAE, who has spent over USD 4 millions to help free prisoners languishing in jails due to non-payment of debts, has been honoured with the country’s prestigious “Community Service Medal”. Deputy Prime Minister and Minister of Interior of the UAE, Lt General HH Sheikh Saif bin Zayed Al Nahyan,…
Written by Sunny Verma | New Delhi | Published:August 7, 2017 1:51 am he gross NPA of banks has risen to 9.6 per cent (of total advances) in March 2017, from 9.2 per cent in September 2016, as per the RBI data. Despite a series of steps to contain non-performing assets (NPAs), public sector banks…
NEWCASTLE has the highest rate of personal insolvency in regional NSW according to figures released by the Australian Financial Security Authority. Across the Hunter there were 215 cases of personal insolvency in the June quarter of 2017, with Newcastles 43 debtors the largest in the state outside of Sydney. Across Australia there were 7,729 debtors who entered a…
The Lotte Group began restructuring its business in China. The decision was made as the top management of the group judged that they can stand no longer as the China’s economic retaliation for the deployment of the Korea-US terminal high-altitude area defense (THAAD) system has been continuing for six months, and the decision to deploy…
The Lotte Group began restructuring its business in China. The decision was made as the top management of the group judged that they can stand no longer as the China’s economic retaliation for the deployment of the Korea-US terminal high-altitude area defense (THAAD) system has been continuing for six months, and the decision to deploy…
The warehouse in Melbourne’s outer north was supposed to be filled with scrap metal and broken glass, overflow storage for a nearby recycling business. It wasn’t until the company collapsed into insolvency six months later, that the warehouse doors were opened to reveal a potential health and environmental disaster on Melbourne’s suburban fringe: pallets of…
The warehouse in Melbourne’s outer north was supposed to be filled with scrap metal and broken glass, overflow storage for a nearby recycling business. It wasn’t until the company collapsed into insolvency six months later, that the warehouse doors were opened to reveal a potential health and environmental disaster on Melbourne’s suburban fringe: pallets of steel drums…