LONDON (HAN) August 24.2016. Public Diplomacy & Regional Security News. Maritime resources investment and development. By. , Jillian Ambrose, telegraph. Soma Oil is facing a funding black hole which threatens to drag the Somali explorer into insolvency within months as it continues to battle a bribery and corruption scandal. The UK oil company, chaired by former…
DetailsThe Deed of Company Arrangement provides can be tailored to specific circumstances and provide great flexibility and ‘breathing space’ for the company. Not sure but suspect your company or business might be headed for the rocks? Try this; open your balance sheet and obtain the list of all the company assets along with their market…
DetailsSouth Koreas chemical and high tech material company SKC Co. sold off some of its money-losing solar business operation to local rival Woonging Energy for 3 billion won ($2.7 million) to clean up ailing business for restructuring. SKC solmics Co. which primarily manufactures components for liquid crystal display and semiconductor announced on Tuesday that it…
DetailsQantas airline soars to record profit after restructuring 24 August 2016 From the section Business Image copyright Getty Images Australia’s national carrier Qantas has posted record annual profits of A$1.42bn ($1.1bn, £820m)nearly doubling last year’s result. The airline will also pay a final dividend to shareholders for the first time since 2009. Qantas has been…
DetailsAusterity has fuelled a personal debt boom caused by low incomes and wages It is well known that economic growth has still been excessively reliant on households, despite the unprecedented falls in real earnings of recent years. Today the Trades Union Congress publishes analysis that shows just how heavy pressures on some households have become. The…
DetailsBy: ENS Economic Bureau | New Delhi | Published:August 24, 2016 2:57 am Arun Jaitley, Finance Minister Finance Minister Arun Jaitley on Tuesday directed senior officials of the ministries of finance and corporate affairs to take necessary action for implementation of Insolvency and Bankruptcy Code (IBC) 2016 in a time-bound manner. The finance minister said…
Details“A lot of headwind over the last eight years”Norfresh declared bankrupt On Tuesday, August 16, the court of ‘s-Gravenhage declared fruit and vegetable trading company Norfresh from Poeldijk bankrupt. “We were very close to an extrajudicial creditors proposal, but one of the creditors didn’t want to wait for this and unfortunately pushed through bankruptcy,” according…
DetailsNew Delhi: Finance minister Arun Jaitley on Tuesday asked finance and corporate affairs ministry officials to implement the Insolvency and Bankruptcy Code, 2016 in a time-bound manner to achieve the goals of the new law. Parliament on 11 May passed the Code, which will ensure smoother settlement of insolvency, enable faster turnaround of businesses and…
DetailsThe Union Finance Minister Shri Arun Jaitley directed the Senior Officers of the Ministry of Finance and Corporate Affairs to take suitable necessary action for implementation of Insolvency and Bankruptcy Code (IBC) 2016 in a time bound manner. The Finance Minister said that an immediate action is required on the key requirements for implementation of…
DetailsFinance Minister Arun Jaitley today directed senior officials of the ministries of finance and corporate affairs to take steps, including setting up of a board, for the implementation of Insolvency and Bankruptcy Code (IBC) 2016 in a time bound manner. “Implementation in a time bound manner is very crucial in order achieve the…
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