Solar-powered LED lights are helping young people in Africa to continue their studies after sunset, when mains-powered electricity isnt available.Credit: Waldo Swiegers/Bloomberg/Getty Theres one data point in the World Banks latest Africas Pulse report, published last month, that is impossible to ignore: 43% of the continents people still do not have electricity (see go.nature.com/3oploj). That…
DetailsAzalina Othman Said said more men are bankrupt than women. PETALING JAYA: Law and institutional reform minister Azalina Othman Said has refuted claims that youths aged under 25 make up the majority of bankruptcy cases in Malaysia. Winding up the debate on the amendments to the Insolvency Act today, Azalina said the highest number of…
DetailsBlack Lives Matter is headed for INSOLVENCY after plunging $8.5M into the red – but founder Patrisse Cullors’ brother was still paid $1.6M for ‘security services’ in 2022, while sister of board member earned $1.1M for ‘consulting’ Black Lives Matter Global Network Foundation, a non-profit that grew out of the protest movement, is haemorrhaging cash, financial records…
DetailsKUALA LUMPUR: Amendments to the Insolvency Act have been unanimously passed via a voice vote by the Dewan Rakyat on Wednesday (May 24). With the Bill passed, the government is expected to provide more effective administration of bankrupts’ estates in Malaysia and to speedier process to discharge bankruptcy statuses. Minister in the Prime Minister’s Department…
DetailsMay 24 (SeeNews) – Serbia sold a tractor repair centre of insolvent Industrija Masina i Traktora (IMT) for 64 million dinars ($588,000/545,000 euro) to local company Prvi Maj Cacak, the bankruptcy supervision agency said. in the transaction, Prvi Maj acquired a warehouse, a service hall, a department for overhauling tractor engines and a power transformer…
DetailsKUALA LUMPUR, May 24 Former prime minister Tan Sri Muhyiddin Yassin has urged the government to use a more flexible mechanism to discharge individuals who have been declared bankrupt. He said individuals who have been declared bankrupt are actually serving a punishment and if they have shown good behaviour their clearance should be expedited. A…
DetailsKUALA LUMPUR: There should be more flexibility in conditional discharges offered to those who have been declared bankrupt, says Tan Sri Muhyiddin Yassin (PN-Pagoh). In his debate speech on amendments to the Insolvency Act 1967 in the Dewan Rakyat on Wednesday (May 24), he said certain conditions could be put in place to allow them…
DetailsDerek RoseAAP Webjet has delivered a $150 million turnaround as a restructuring of its business-to-business marketplace for the travel industry pays off. The online travel marketplace said on Wednesday it made $134.8 million in underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) in 2022/23, compared to a $15m underlying EBITDA loss the year before.…
DetailsWASHINGTON, May 23 (Reuters) – Richard Branson’s bankrupt satellite launch firm, Virgin Orbit, on Tuesday revealed that it was closing for good after a $36.4 million asset sale, including an agreement to sell the bulk of its Long Beach, California, headquarters to small-launch firm Rocket Lab USA Inc. (RKLB.O) Rocket Lab, the seasoned small-rocket company…
DetailsCaiaimage/Chris Ryan/Getty Images A recent Bankrate survey found that over a third of U.S. adults have more credit card debt than emergency savings the highest level in 12 years. If you too are struggling with debt, applying for debt relief can make your payments more manageable, plus help you tackle your balances faster and even…
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