The COVID-19 pandemic has caused more economic harm to Indonesia than the subprime mortgage crisis in 2008. As part of efforts to check the spread of the virus, the Indonesian government has implemented a policy of Large-Scale Social Restrictions (Pembatasan Sosial Berskala Besar or PSBB), requiring most businesses to cease or at least pare down…
DetailsWalter Lomax, a graduate of Griffith Business School and Manager, Business Restructuring and Strategy at PwC, has been named Young Accountant of the Year (30 years or under) at the 2020 Australian Accounting Awards. Honoured to receive the award ahead of a pool of nine other finalists, which included a colleague from PwC, Walter said…
DetailsGifts and Remittances: Bitcoin.com’s New Tools Allow People to Send BCH via Email This month Bitcoin.com launched two services that help facilitate bitcoin cash adoption and crypto remittance via email. In a recent video on June 5, Bitcoin.coms Roger Ver showcased gifts.bitcoin.com, a new feature that allows individuals to send BCH gift cards … read…
DetailsOnline sports betting has become a ‘public health issue’ that is driving young men into huge debt, getting them blacklisted by payday loans and ruining their family lives, new study claims New study from the University of Bath interview young men who bet on sports Subjects kept a 30-day diary of all their sports bets…
DetailsImage copyright Getty Images Sandwich chain Pret A Manger is to close 30 outlets and is expected to cut at least 1,000 jobs at other shops as part of a post-pandemic restructuring. The company said the impact of coronavirus on trading meant it had to make a “difficult decision”. Pret said it needed to reduce…
DetailsNot all advice is good advice. And when it comes to advice on how to better manage your finances, there are a lot of common misconceptions floating around that experts are eager to discredit. CNBC SelectaskedLeslie Tayne, a debt-relief attorney and founder of Tayne Law Group, about some of the bad advice her clients have…
DetailsMonday, July 6, 2020 On 26 June 2020 theCorporate Insolvency and Governance Act 2020(the Act) came into force, introducing a number of temporary measures to assist companies facing financial difficulties as a consequence of COVID-19. These temporary provisions apply retroactively to cover the period commencing 1 March 2020 (26 March 2020 with respect to corporate…
DetailsIslamabad [Pakistan], July 6 (ANI): Pakistan will sign its debt relief agreement with G20 countries separately before the deadline of December 31, 2020, in order to avail debt relief of slightly over USD 2 billion (Rs 335 billion) to mitigate negative effects of COVID-19 pandemic, as per media reports. A top official of the Finance…
DetailsAvnerRadomskyandMichaelGoldstein, directors ofRG Insolvency, were appointed as joint liquidators of Twinmar on 19 June. A new subsidiary of the Twinmar Group, Twinmar London, bought Sole Trader’s assets, including its stock. It will permanently close eight of its37 stores in the UK, including its branches in Westfield Stratford City and Milton Keynes. The 29 remaining Soletrader…
DetailsWillie Breedt, the alleged bitcoin and cryptocurrency scammer, has been declared bankrupt, according to a report by News 24. Earlier it was reported that around 2 000 investors in Breedts defunct company, VaultAge Solutions (VS), stand to lose around R227 million after promises by Breedt to pay out their investments and growth were not honoured.…
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