by Callum Foote | Jan 23, 2023 | What’s the scam? Last week we published a story detailing ANZs corporate restructuring which now permits the bank to invest in non-banking activities free from strict financial regulations. ANZ was the first of the big banks to make such a move, and as part of our investigations,…
A scheme set up during the pandemic to help small businesses survive the ongoing volatile economic environment experienced its busiest period last week, as it rescued six firms from insolvency, retaining 23 jobs. The Small Company Administrative Rescue Process, or Scarp, aims to facilitate simplified out-of-court debt restructuring for small businesses deemed to be viable…
Analysis A plan backed by Atlassian co-CEO Mike Cannon-Brookes aimed at providing 15 percent of Singapore’s electricity needs using solar energy generated in Australia has collapsed. The Australia-Asia PowerLink (AAPL) project envisioned installing 120km2 of solar panels capable of generating 3.2 gigawatts in Australia’s Northern Territory, storing the output in a giant battery near the…
22 January 2023 Consultancy.asia 2 min. read Global professional services firm FTI Consulting has bolstered its Corporate Finance & Restructuring division in Asia with two senior appointments: Tadashi Yamazaki (Japan) and May Yee Koay (Singapore). Both seasoned professionals join the globalconsulting firm as a Managing Director, with Yamazaki adding depth to the transactions and mergers…
Aid and campaign groups, including Oxfam and Christian Aid, have called on the international community to cancel a large portion of Gahan’s debts as it struggles to deal with the worst economic crisis in the country’s history only a few months before it is due to host the African Games in Accra. Ghana’s consumer inflation…
Bybit CEO Responds To Genesis Creditors List Bybit CEO Clarifies On Genesis Creditors List Story: Mohd Javed January 20, 2023 A report that suggested a total of nine crypto firms had various exposures to Genesis is doing rounds on social media. According to the report, these firms are Gemini, Bybit, VanEck, Decentraland and a few…