share this article Share this article (The Jakarta Post) PREMIUM Jakarta Fri, June 25 2021 National flag carrier Garuda Indonesia is leaning toward two options to extricate itself from a debt crisis without placing additional burden on government finances. Garuda president director Irfan Setiaputra said the airline’s board was considering four major options in negotiations…
DetailsIn 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…
DetailsBy Ian Walker X5 Retail Group NV said Thursday that it is reviewing options for a restructuring of its digital business into a separate unit within the group, as part of its 2021-2023 strategy. The Russian food retailer said options being considered include attracting public market investors, establishing a strategic partnership and growing the businesses…
Detailsshare this article Share this article Vincent Fabian Thomas (The Jakarta Post) PREMIUM Jakarta Thu, June 24, 2021 National flag carrier Garuda Indonesia is leaning toward two options to extricate itself from a debt crisis without placing additional burden on government finances. Garuda president director Irfan Setiaputra said the airline’s board was considering four major…
DetailsThe U.S. Supreme Court in 2018 overturned federal prohibitions against sports betting. In the years since, many states have jumped on the gambling bandwagon. Nearly two dozen states and Washington, D.C., have legalized sports betting, including online and mobile betting. Still, there are risks, unsurprisingly exacerbated by the COVID-19 pandemic. During lockdowns, online betting exploded.…
DetailsNavin 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…
DetailsThe ACT Health Minister has called on the federal government to reconsider cutting off Canberra from bulk-billing incentives, as 30,000 members of a key affordable healthcare provider face an uncertain future. However, Royal Australian College of General Practitioners president Karen Price said bulk billing wasn’t the answer and broader reform of the system was needed.…
DetailsSouth Shore Holdings has applied to the Macau court for voluntary liquidation of its wholly-owned subsidiary New Concordia Hotel Limited, the sole beneficial owner of THE 13 Hotel. The application comes as South Shore faces increasing pressure from its lenders to repay mounting debts, including a statutory demand issued by one lender earlier this month…
DetailsThe government liquidator dealing with the fallout from the collapse of outsourcing firm Carillion is expected to make a claim for 250m against KPMG, the accounting firm that signed off on the former FTSE100 companys accounts. Lawyers for the official receiver, part of the governments Insolvency Service, have sent a letter before action to KPMG,…
DetailsPODGORICA — A European financial institution is prepared to help refinance Montenegro’s $1 billion debt to China, which the Balkan country incurred over a controversial highway project. Montenegrin Finance Minister Milojko Spajic said the low-interest credit from the financial institution will allow the cash-strapped government make savings and cut interest rates. He also told a…
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