The head of junket lobby the Macau Gaming Information Association (MGIA) has received another suspended jail sentence, this time for defaming two people on his defunct name-and-shame website over unrecovered VIP gambling debt. The Court of First Instance last week sentenced MGIA chairman Charlie Choi, 45, to six months in prison and ordered him to pay 20,000…
DetailsGail Porter, the television presenter and former model, was declared bankrupt at the beginning of this year following two years in hospital. Here, in an exclusive vlog for HuffPost UK she talks about how less work meant she could not keep up with her bills, how she resorted to hiding them under her bed and…
DetailsBrisbane IT solution provider Tech Project has pulled itself out of administration after creditors approved the director’s deed of company arrangement (DOCA). Creditors have accepted an arrangement where the directors will pay back $375,000, which works out to be 11-15 cents in the dollar, according to a report to creditors. Tech Project’s claimed debts amounted…
DetailsIn the lead up to this week’s election Waleed Aly gives an insight on company tax cuts. Courtesy: The Project/Network Ten The maker of Nurofen has defended its global tax arrangements. Picture: Kirsty Wigglesworth AS DONALD Trump so aptly put it, minimising your tax bill is the smart thing to do in business. But his…
DetailsAnubhav Sahu Moneycontrol Research Tata Global Beverages Ltd (TGBL), a relative laggard in the FMCG sector, is likely to catch the attention of serious investors thanks to its various restructuring initiatives. This stock could benefit from Tata Sons initiative of unwinding cross-holdings in group companies, which would help TGBL raise funds. There is also a…
DetailsCouncil vice president Major Sombat Wongkamhaeng, who also chairs the Thai Bars committee on legal aid, said Pisits name was also struck from the list because hed been declared insolvent in 2004. Council representatives accompanied Porntip Chantharat and her wheelchair-bound daughter Pattarada Beam Kaewpong to a Bangkok court on Thursday to file a civil…
DetailsMyer has closed its 17 Topshop concessions as negotiations continue to save the Australian arm of the UK fast-fashion business from total collapse. Visitors to Myer stores hoping to pick up a Topshop garment this week would have likely been met with scant signage and zero trace of the brand on the shop floor. Play…
DetailsThe new NDP government plans to ask the BC Utilities Commission to review the economic viability of the $8.8-billion Site C hydroelectric dam. With, presumably, the projects shutdown a possible outcome. Contests, events & more from Tyee and select partners Incoming premier John Horgan has said he wants answers within six weeks. If the utilities…
DetailsWest Australian bakery Mias has been placed into voluntary administration. The family-owned bakery, which has been trading since 1950, employs about 150 staff. Mias chief executive Conrad Mias said the low bread price was one of a number of factors leading to the company’s financial problems. He said the introduction of Aldi into the…
DetailsTop lender SBI and other creditors have moved insolvency proceedings against Kolkata- based Electrosteel Steels at the National Company Law Tribunal (NCLT). State Bank of India initiated the corporate insolvency resolution process and filed the documents with NCLT, Kolkata, against the company under the Insolvency and Bankruptcy Code, 2016, Electrosteel Steels said…
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