SMEs should heed the warnings of rising insolvencies – SmartCompany.com.au

The Australian economy is facing headwinds for the remainder of 2016 and into 2017 following the decline in commodity prices. Local bankruptcies are expected to rise by 8%, according to Atradius forecasting, so it makes good business sense to look for ways to reduce risk exposure to let the company trade confidently. Australian businesses must start…

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Linwood restaurant out of business, celebrity chef bankrupt – Press of Atlantic City

Luke Palladino, a star chef in and around Atlantic City for almost 15 years, has declared bankruptcy and closed his latest South Jersey restaurant. An answering machine was still working and giving out restaurant details Monday at Luke Palladino Seasonal Italian Restaurant, in Linwoods Central Square shopping center. But the system wasnt taking messages and…

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Pacific Provides an Update on its Restructuring Transaction and Anticipated Implementation Date – PR Newswire (press release)

Pursuant to the terms of the indenture (the “DIP Warrant Indenture“) governing the warrants issued as part of the debtor-in-possession financing (the “DIP Financing“) made available in connection with the Creditor/Catalyst Restructuring Transaction (the “DIP Warrants“), October 3, 2016 has been designated as the “Anticipated Exit Date” (or the expected Implementation Date). The record date…

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ThaiBev looks abroad to grow – Bangkok Post

Thai Bev’s Chief executive Thapana Sirivadhanabhakdi. Thai Beverage Plc (ThaiBev) will aggressively boost its business footprint in Asean through mergers and acquisitions, including a further stake in Vinamilk, Vietnam’s largest dairy producer. The moves will help ThaiBev achieve its goal of becoming a leading, sustainable drinks company in Asean by 2020. Chief executive Thapana Sirivadhanabhakdi…

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