BoT adopts targeted debt relief measures, not broad-based, for SMEs Measures pushed to next June for firms that have not fully recovered Roong Mallikamas, assistant governor for financial stability and corporate strategy group, Bank of Thailand. The Bank of Thailand has implemented targeted debt moratorium measures, scheduled to end next June, for small and medium-sized…
The popular-media coverage of student loans would have you believe that a generation of young workers is being crushed by unaffordable student-loan debt they cant escape. Indeed, when presidential candidate Senator Elizabeth Warren last year put forth a proposal to cancel $640 billion dollars in education debt, the plan met with popular approval. According to…
Britain’s ‘biggest bankrupt’: Steel tycoon Pramod Mittal who spent 50million on his daughter’s wedding claims he owes staggering 2.5billion and only owns 45 of land Pramod Mittal, 64, lost his fortune when a major financial deal turned sour Scion of the ultra-rich Mittal steel dynasty says he owns assets of just 110,000 His brother, Lakshmi,…
By Jamie Freed 4 Min Read SYDNEY (Reuters) – Virgin Australia looks set to cut basic fares and start charging fees for items like checked baggage and food under new chief executive Jayne Hrdlicka, prompting a wider industry shake-up as the countrys airlines reawaken from the coronavirus crisis. FILE PHOTO: A Virgin Australia Airlines plane…
Listen to this story The Law Council of Australia is encouraging the Governments move away from theone-size-fits-all approach when dealing with small businesses facing insolvency to be fast-tracked. The reforms to the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 aim to establish a new formal debt restructuring process for eligible small businesses, to enable financially…
Posted October 20, 2020 12:20 am Smaller font Descrease article font size –A Larger font Increase article font size A+ Swimco has declared bankruptcy and closed all store locations until further notice, according to a recent announcement on its website. Thank you for all the support and memories you gave us during this adventure, the…