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…
Detailsarticle A debt consolidation loan can be an effective tool to help you pay off high-interest debt, but its not right for everyone. Make sure to weigh the pros and cons and consider alternative strategies. (iStock) A debt consolidation loan is a borrowing tool that allows you to combine existing unsecured debts into a single…
Details11:00 16/06/2021 MOSCOW, June 16 (RAPSI) The Moscow Commercial Court has dismissed without prejudice a bankruptcy application filed by Russias troubled Antipinsky refinery against New Stream oil and gas company chaired by the former co-owner of the refinery, according to court records. The applicant has not met obligatory requirements of the current bankruptcy law and…
DetailsHewlett 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…
DetailsGovt vows to tackle household debt Relief schemes, lower interest rates likely With personal consumer loans on the rise, the Bank of Thailand has been asked to review the ceiling of interest rates and supervise credit cards, personal loans and vehicle title loans.Varuth Hirunyatheb The government has vowed to tackle high household debt, incurred by…
Detailsarticle A debt consolidation loan can be an effective tool to help you pay off high-interest debt, but its not right for everyone. Make sure to weigh the pros and cons and consider alternative strategies. (iStock) A debt consolidation loan is a borrowing tool that allows you to combine existing unsecured debts into a single…
DetailsFarming equipment is seen on Foster Farm in Sagaponack, on New York’s Long Island, U.S., July 8, 2019. Picture taken July 8, 2019. REUTERS/Lindsay Morris CHICAGO, June 15 (Reuters) – The U.S. Agriculture Department (USDA) is defending efforts to wipe clean government-backed loans to farmers facing decades of discrimination, despite a temporary restraining order on…
DetailsDatuk Seri Najib Razak. – Bernama filepic KUALA LUMPUR: Datuk Seri Najib Razak is not a bankrupt despite a court ruling that dismissed his application for a stay on a summary judgment where he is ordered to pay RM1.69bil in tax arrears owed to the Inland Revenue Board (LHDN). Lawyer Mohamed Haniff Khatri Abdulla said…
DetailsThe 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…
DetailsThe Mumbai bench of the National Company Law Tribunal (NCLT) has questioned the haircut that creditors have to take in the Videocon Industries Ltds (VIL) resolution plan. The resolution applicant was paying close to the liquidation value to acquire the company, the tribunal noted in the order approving the resolution plan submitted by Anil Agarwals…
Details