Amid political challenges, Myanmar prizes UK investment for economic renewal – Myanmar Times

The UKs Department of International Trade organised an outward mission to the UK in March, led by U Kyaw Myo, deputy transport and communications minister. The delegation included a dozen officials and 27 business representatives, who met with over 150 British businesses to explore potential commercial opportunities. In a wide-ranging interview, U Aung Naing Oo,…

Proposal to speed up water supply project – The Telegraph India

Guwahati: A proposal to make direct payment to vendors and sub-contractors to accelerate work on Guwahati water supply project has been made. The insolvency resolution professional appointed by the National Company Law Tribunal (NCLT) for Iragavarapu Venkata Reddy Construction Limited (IVRCL), the company hired to set up water distribution system under the project, recently wrote…

Regulators disrupt phoenix companies’ flight plans – INTHEBLACK

New reforms, enhanced data analysis and co-operation between agencies are set to clamp down on directors trying to re-birth phoenix companies and clip the wings of unscrupulous pre-insolvency advisers. The Australian economy loses about A$3.2 billion a year through illegal phoenixing activity, and much of this is facilitated by unscrupulous pre-insolvency advisers. In many…

Insolvency and Bankruptcy Code alert: Explicit bar likely on bids by promoters’ relatives – Financial Express

The definition of relatives would be added to the IBC alongside that of related party under Section 5(24) of the IBC. The government is set to define the term relatives in the context of persons considered related parties who will be ineligible to bid for stressed assets under the Insolvency and Bankruptcy Code (IBC), sources…

British regulators have ordered Cambridge Analytica to hand over the personal data of an American professor which … – Business Insider

Mark Turnbull, Managing Director of SCL Elections/Cambridge Analytica arrives at the offices of Cambridge Analytica in central London. REUTERS/Henry Nicholls Britain is backing an American professor’s effort to obtain personal data from Cambridge Analytica’s parent. SCL Elections will face criminal action if it does not hand over the data within 30 days. The ruling could…