In the context of Chinas continued growth story despite COVID-19, we look at how businesses invested in the region can strategize to survive and succeed. The purpose of restructuring in China should go beyond survival from the health crisis. Enterprises in all sectors and industries in China must plan for the next phase when choosing…
Navin Shenoy, Intels top data centre executive, is leaving the semiconductor giant as part of a major restructuring that will regroup businesses around data centre, edge computing, software and accelerated computing. In a memo seen by CRN US and in a subsequent public announcement Tuesday, Intel CEO Pat Gelsinger announced the restructuring of the Data…
Navin Shenoy, Intels top data center executive, is leaving the semiconductor giant as part of a major restructuring that will regroup businesses around data center, edge computing, software and accelerated computing. In a memo seen by CRN and in a subsequent public announcement Tuesday, Intel CEO Pat Gelsinger announced the restructuring of the Data Platform…
The logo of Garuda Indonesia is pictured on an Airbus A330 aircraft parked at the aircraft builder’s headquarters of Airbus in Colomiers near Toulouse, France, November 15, 2019. REUTERS/Regis Duvignau/File Photo JAKARTA, June 21 (Reuters) – Flag carrier Garuda Indonesia (GIAA.JK), which last week defaulted on a $500 million sukuk, is considering a court supervised…
Covid-19 has put the cashflows of many businesses under severe pressure. While business levels are starting to recover, the withdrawal of government supports will lead to greater liquidity problems and increased creditor pressure. Crowes corporate restructuring and insolvency advisors can help business owners find turnaround solutions and put the business back on the recovery pathway.…
North Carolina-based HomeTrust Bank has announced plans to close nine branches as part of a wider business restructuring plan. The bank will also repay loans and bring its small business loan function in-house. HomeTrust said in an announcement this week that the closures would affect locations in North Carolina, Tennessee, and Virgina, totalling 22% of…
(BLOOMBERG) – Troubled flag carrier Garuda Indonesia faces a key deadline on Thursday with a payment on its Islamic debt that will reflect its ability to deal with a financing crunch. The South-east Asian airline has been trying to avoid bankruptcy as it struggles with the decimation of the global travel industry due to the…
Thai Airways aircraft are parked on the tarmac at Bangkok’s Suvarnabhumi International Airport March 27, 2015. REUTERS/Athit Perawongmetha/File Photo BANGKOK, June 16 (Reuters) – Thai Airways International Pcl (THAI.BK) on Wednesday said that its acting chief executive officer, Chansin Treenuchagron, had resigned. The airline’s chief of human resources, Suvadhana Sibunruang, will take over as acting…
Hewlett Packard Enterprises Financial Services business has undergone a massive business model transformation that for the first time ever sharply focuses the organisation on the SMB (small medium business) channel market opportunity. Under the restructuring which was put in place for the start of the HPE fiscal year- the SMB channel is now one of…
The government continues with its reforms to insolvency and bankruptcy rules, with the latest change a higher threshold for statutory demands – taking effect next month. From July 1, the minimum amount at which creditors can issue a statutory demand to a company for a debt owed increases from A$2000 to $4000. The change follows…