The ratings on Reliance Communications and its subsidiary Global Cloud Xchange will be “unaffected” by the debt restructuring plan outlined by the company, according to Fitch Ratings. Re-rating will happen after clarity on the execution of sale of its assets and the capital structure of the revamped entity, it added. Earlier this week, billionaire Anil…
DetailsThe FINANCIAL — Kosovo is among the top 10 economies worldwide with the most notable improvement in doing business reforms, says the Doing Business 2018 report, released on October 31 by the World Bank Group. This year, Kosovo ranks 40th out of 190 countries in ease of doing business, compared to 60th place…
DetailsVideo PlayerClose HONG KONG, Nov. 1 (Xinhua) — The government of China’s Hong Kong Special Administrative Region (HKSAR) vowed on Wednesday to further improve its business environment, after a World Bank annual report re-affirmed Hong Kong’s position as one of the world’s easiest places to do business. “In the past 10 years, Hong Kong has…
DetailsTWO of Perths dining institutions have been placed into voluntary administration. On Monday afternoon, administrators took over the company behind the Trustee Bar and Bistro on St Georges Terrace and Beaufort Local, which was formerly known as Beaufort Street Merchant. Business owner Scott Taylor said the decision was not taken lightly. There is still some…
DetailsBUSINESSES were hardest hit by financial collapse on the Sunshine Coast over the past four months with a sharp rise in business-related bankruptcies. Forty-four businesses on the Coast went bankrupt during the September quarter, up from 32 over the previous period. The Australian Financial Security Authority’s regional personal insolvency statistics show there were 35 bankruptcies…
DetailsPerths tough hospitality sector has claimed another high-profile victim, with administrators being put into celebrated restaurateur Scott Taylors Trustee bar and restaurant in Brookfield Place on St Georges Terrace in the CBD. Administrators from Cor Cordis were appointed on Monday to the company behind the Trustee and the Beaufort Local in Mt Lawley. Both venues…
DetailsFEELING stressed out about money? If so, you are not alone. Today is National Stress Awareness Day and cash concerns consistently top lists of the big causes of anxiety. Getty – Contributor Making money stretch to end of the month is one of Brits’ biggest stresses Managing our budgets is seen as more stressful than…
DetailsElegant Perth restaurant Trustee has been placed into voluntary administration, with mounting debt and last-minute discussions to renegotiate terms with its banks and landlord unable to overcome the restaurants worsening financial problems. Trustee and its stablemate, Beaufort Local in Highgate, remain open and trading as administrators Cor Cordis work through the books and consider either…
DetailsTokyo (AFP) – Japanese electronics giant Sony is marking the year of the dog by bringing back to life its robot canine — packed with artificial intelligence and internet capability. Sony revives robot pet dog Sony’s new “aibo” dog is an ivory-white puppy-sized, 30 centimetre (one foot) hound with flapping black ears and a wagging…
DetailsA SNAPSHOT of the Rockhampton region’s latest insolvency rates paints a bleak picture for residents and small business traders. In the three months to the end of September, 79 individuals have either declared or are facing bankruptcy as a result of not being able to meet their debt requirements. This is the same number as…
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