Singaporean Hui Weng Cheong is the first non-Thai to serve as president of AIS, a move seen as preparing SingTel for a major push into the Thai market. (Photo courtest of AIS) Advanced Info Service (AIS) has announced the appointment of Hui Weng Cheong in the newly reinstated position of president, in a move viewed…
Andy MacMillan, CEO of Act-On Software Act-On Software Marketing automation company Act-On Software is restructuring its team with dozens of lay offs reported. Thirty-six roles were affected. Last year, the company said it had roughly 400 employees, many based at its Portland headquarters. … Read the full article at: http://www.bizjournals.com/portland/blog/techflash/2016/10/act-on-downsizes-amid-focused-restructuring.html
Amber Rudd faced fresh questions about her shady business career after a Mirror investigation found a former business associate was appointed as the liquidator of one of her failed firms. The Mirror has revealed that the Home Secretary was involved in running a string of firms in the late 90s and early 2000s that went…
Oct 4, 2016 11:40 AM [SINGAPORE] Singapore’s junk-bond market is suffering its worst rout in at least four years as debt restructurings spread among shipping and oil-and-gas service companies. High-yield notes in the local currency from borrowers in Singapore slid 1.9 per cent last quarter, the most in an IHS Markit Ltd index going back…
To implement the restructuring, Garden Fresh has filed voluntary petitions for reorganization under Chapter 11 protection. Piper Jaffray has been engaged to assist with the anticipated sale of the business to second lien lenders, subject to higher and better bids. The Company also plans to close between 20 and 30 underperforming restaurants to strengthen its…
In line with delivering the new goals of innovation and efficiency, John Dineen, Chairman of the Organization and Compensation Committee and former CEO of GE Healthcare, will lead the CEO search process. “We are grateful to Bob and acknowledge his leadership of Merrimack over the years,” said Mr. Dineen. The reduction in personnel will not…
Gerry Harvey is a long-time Funtastic backer. Peter Rae The auditors of beleaguered toy maker Funtastic have warned there is “significant doubt” that the company can continue as a going concern after it slumped to a bigger-than-expected annual loss. But the company’s chief financial officer, Grant Mackenzie, insists it is now on a much stronger footing after…
The Ghana Association of Bankers (GAB) says the ongoing restructuring of Volta River Authority (VRA) legacy debts on the books of some local banks is on course. The process would show a reduction of Non-Performing Loans (NPLs) by the end of the year. The GAB noted that the first quarter payment, after the initial deposit…
Sept. 30, 2016 – by Jeff Gelski Randy Kominsky, president of Alliance for Financial Growth, will look to lead the restaurant company out of Chapter 11. BOSTON Randy Kominsky has been hired as chief restructuring officer for Cosi, Inc., effective Oct. 4. Mr. Kominsky, president of Alliance for Financial Growth, has more than 25 years…