Nok Air has outlined plans for a capital and debt restructuring alongside its ongoing business rehabilitation process to improve its financial health and avoid being delisted from the Stock Exchange of Thailand (SET). On 9 September, the SET warned Nok that it was subject to possible delisting and has given the airline one month until…
DetailsYouve finally decided to do something about all those bills coming in that, due to ever burgeoning interest rates, you can barely afford. Youre thinking about going the consolidation route, but youre unsure what that all entails. And in any case, is debt consolidation a smart thing to do? Let us look. What is Debt…
DetailsThe Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC) has to be completed within the 330-day deadline prescribed under the law, the Supreme Court ruled on Monday (Ebix Singapore v. Committee of Creditors of Educomp), according to a news report. “Judicial delay was the reason why the earlier insolvency regime failed…
DetailsFigures show the rate of New Brunswick adults coping with serious financial problems is the highest in Canada for the fourth year in arow, adding a wrinkle to the introduction of credit scores as a factor in setting auto insurance rates in the province. Over the last several months, the New Brunswick Insurance Board has…
DetailsVincent Xuereb, the victim of Thursdays shooting in Iklin, was a serial fraudster and constantly indebted due to his gambling addiction. Xuereb was a known fraudster, with court documents confirming that he had already been convicted in court of multiple fraud cases. On Wednesday, 24-year-old Ryan Sultana was arrested after he allegedly shot 55-year-old Xuereb…
DetailsShadow education minister Tanya Plibersek addressed an elite business gathering last month, presenting a future Labor government as the best means of escalating the corporate restructuring of tertiary education. In her August 16 speech to the Australian Financial Review Higher Education Conference, Plibersek said nothing about the destruction of tens of thousands of jobs throughout…
DetailsThe wife of a man who died after plunging from a zip-line in Far North Queensland has launched a multi-million-dollar lawsuit against those she holds responsible. Key points: The family of zip-line victim launch a multi-million-dollar lawsuit in Cairns court Adelaide man Dean Sandersondied after falling while on the Jungle Surfing Canopy Tours apparatus His…
DetailsLuxury marketplace Reebonz has reportedly caved under liabilities estimated to be around SG$65 million and according toThe Business Timeshas appointed a provisional liquidator to wind up the company. Co-founder Samuel Lim took out notices in BT on 10 September to alertcreditors that Reebonz is “in creditors’ voluntary liquidation”. Lim explained in the notice that Reebonz…
DetailsTHE GOVERNMENT has appointed 31 members to the Benches of the National Company Law Tribunal (NCLT) and the Income Tax Appellate Tribunal (ITAT) after the Supreme Court urged the government to fill vacancies immediately. The Appointments Committee of the Cabinet approved the appointment of eight judicial and 10 technical members to the NCLT as well…
DetailsRaymond Siu leads raids on gambling dens and clubs in Tsim Sha Tsui that are allegedly controlled by rival triad gangs. SING TAO Previous Next Erin Chan Two rival triad gangs roared through the streets in a car chase that ended with the driver of the target vehicle ramming his way into Kwai Chung Police…
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