The National Village and Urban Community Fund Office will start 200 pilot projects nationwide to help tackle informal debts. Secretary-general Natee Klibthong said the project, which will collaborate with the Finance Ministry, the Bank for Agriculture and Agricultural Cooperatives and the Government Savings Bank, will start transferring informal debts to the fund — commonly known…
DetailsA flashy poker-promoting punk linked to organized crime was sentenced Monday to a year and a day behind bars. Isok Aronov, 33, helped operate a high-stakes Coney Island gambling den decked out with a professional poker table, an electronic gambling game, a lounge and massage girls who gave players back and shoulder…
DetailsNew Delhi: Debt-ridden Jaiprakash Associates said on Monday that alongwith JSW group, it has shown interest in completing real estate projects of group firm Jaypee Infratech as per the insolvency resolution plan. Jaiprakash Associates Ltd (JAL), part of the Jaypee group, also said that the Jaypee Infratech Ltd (JIL) has more assets than liabilities and…
DetailsA million-dollar jobs and visa scam that promised to help find work for hopeful migrants in regional areas has left dozens up to $50,000 out of pocket while the plan’s architect lives in a $3 million mansion and drives a brand-new Porsche. The operation run by former banned company director Lubo Jack Raskovic out of an office…
DetailsYOU might not realise it, but any unsecured debt you have can reduce your ability to borrow for a home loan. Unsecured debt refers to any type of debt that doesn’t need any form of security to back the loan. Credit cards are a popular example, with Australians currently owing about $32billion on credit cards…
DetailsGeneral Electrics stock dropped as much as 7.1% on Monday after the company outlined its turnaround plan. The companys earlier announcement that it would cut its dividend sent shares higher initially, but the stock dropped into negative territory once details around the restructuring emerged. GE is looking for a shot in the arm, having fallen…
DetailsTheres the debate on executive remuneration and how directors should think about the quantum of executive pay in an environment where there are concerns about the impact of income inequality. ” How do directors think about reputation management and the sustainability of brand in this environment of concern?” Theres discussion over the need for directors…
DetailsAustralian mobile phone repair business Fonebiz blamed its collapse on vendors taking repairs in-house and making it easier for competitors to gain accreditation. Fonebiz entered voluntary administration last month after 22 years in business, appointing Mackay Goodwin as administrators. Its 38 staff were stood down. The company previously had locations in Sydney, Wollongong and Auckland,…
DetailsMyalup business cops fine Court: Mermaid Towers was convicted in their absence of three counts of taking water when not the holder of a licence. Mermaid Towers Pty Ltd, the company responsible for water licensing for Carnabys Park at 5713 Forrest Highway, did not appear in court and was convicted in their absence of three counts…
DetailsKUALA LUMPUR: The number of Malaysians under 30 years old declared bankrupt from January to September 2017 due to credit card debts declined to nine individuals compared to 22 last year. Deputy Finance Minister, Datuk Othman Aziz, said one of the major causes of bankruptcy among younger generation due to credit card debt was the…
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