September 15, 2020 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMFs Executive Board. This mission will not result in a Board discussion.…
DetailsTranslated into western culture via Haitian voodoo and West African mythology, the living dead have certainly been reanimated in a plethora of movies and television series over the last couple of decades. Now they are slouching further into the corporate world. “In the corporate world, a zombie is defined as a company which hasnt actually…
DetailsThe Corporate Insolvency and Governance Act 2020 received royal assent on 25 June 2020. Many of the provisions of the act are based on the bill which was initially proposed pre-COVID-19, with a framework having been set out in August 2018. However, since the pandemic struck, new temporary provisions have been added to the act.…
DetailsTHE future of Indigenous entity Bigambul Ltd will be decided at a second meeting of creditors next week. The entity, which is headquartered in King Scrub, was placed into voluntary administration on August 19 and is in the hands of Mackay Goodwin’s Thyge Trafford-Jones and Domenic Calabretta. According to minutes of the creditors meeting on…
DetailsThe Kiwis have acquired a new hobby after the legalization of the gambling field there. Although remote interactive gambling is still prohibited in New Zealand the players can have fun with the gambling websites outside the country. In fact, remote interactive gambling is forbidden under the Gambling Act 2003 meaning that operating online gambling platforms…
DetailsA GAMBLER who attempted to use counterfeit dollars at a casino later tried to pay off his sons shop debt with the bogus cash. Mohammed Naeem tried to gamble some of the fake $40,400 (31,376) in February 2017. The 57-year-old, who claims to have lost 3-4 million through gambling, was later snared and hauled before…
DetailsNorwegian billionaire John Fredriksen has given the clearest signal yet about the future direction of his shipping empire, as Dubai-based GP Global hits out at the sharks circling the companys assets as it continues to restructure TWO former fund managers have joined John Fredriksens private investment vehicle with a mandate to restructure and invest outside…
DetailsLoading “In an environment of record low borrowing rates and significant spare capacity in the economy, this meant fiscal policy was well placed to continue to support the recovery,” the minutes said. The Per Capita survey, which has been running for the past decade, found a spike since the start of the pandemic in the…
DetailsThank you for inviting me today to discuss the response to the coronavirus (COVID-19) crisis, with a particular focus on Greece. The pandemic has caused significant disruption and hardship in nearly every aspect of our lives, and it will take time to heal the damage that has been done. The euro area economy has been…
DetailsHenry Boot has put its affordable housing company Starfish Commercial into a creditors voluntary liquidation. The firm, which it acquired just over a year ago, has been hit hard by the coronavirus crisis, a statement from the contractor said. Whilst we have been encouraged by recent increases in activity within our construction division, which is…
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