Western Australia will not join the other states and allow pokies in pubs but the state government is divided on whether to allow an expansion of other gambling products as part of its sale of the TAB. Both Premier Colin Barnett and Racing and Gaming Minister Colin Holt firmly ruled out allowing pokies to be…
DetailsLike this story, share it with millions of investors on M3 Neotel deal to help cut debt; data biz to be in focus: Tata Comm While Neotels debt will be reduced, the core debt of group will come down by USD 50 million post the…
DetailsKUALA LUMPUR: RHB Banking Group completed its corporate restructuring exercise when RHB Bank Bhd assumed the listing status of RHB Capital Bhd on the main market of Bursa Malaysia today. At the opening bell, its shares opened at RM4.64, a discount of five sen against the reference price of RM4.69, with 4,100 shares changing hands. RHB Cap was…
DetailsDAVID WHITE/FAIRFAX NZ Gary Watt outside the Ngaio home he shared with his late partner Anne Roberts. A Wellington stepfather who spent his children’s inheritance including on luxury items has been declared bankrupt. Gary Bryson Watt was declared bankrupt in High Court on Tuesday, following legal proceedings by his stepson who was fighting for the…
DetailsCredit Counselling and Debt Management Agency CEO Azaddin Ngah Tasir says the majority of people seeking help are those aged 32 to 45. KUALA LUMPUR: The Credit Counselling and Debt Management Agency (AKPK) has helped 10,480 people settle outstanding debts through its Debt Management Programme. These individuals managed to pay off a cumulative amount of…
DetailsDAVID WHITE/FAIRFAX NZ Gary Watt outside the Ngaio home he shared with his late partner Anne Roberts. A Wellington stepfather who spent his children’s inheritance including on luxury items has been declared bankrupt. Gary Bryson Watt was declared bankrupt in High Court on Tuesday, following legal proceedings by his stepson who was fighting for the…
DetailsComments Print /License AA A group of former employees of Co-op Atlantic have lost a battle over a 32-per-cent cut in their pensions after a judge ruled Monday they could not have their lawyer recognized in the case as the first step toward reopening negotiations in the companys insolvency. The non-unionized former employees of the…
DetailsThe possible expansion of gambling in Western Australia as part of the sale of the TAB would be a serious mistake, social welfare advocates say. The Barnett Government has been investigating the sale of the state-owned betting agency for the past two years, as it seeks to bring down public debt. Racing and Gaming…
DetailsAfter Brexit, creditors may be impacted when assets of insolvent companies are sought for recovery in Europe. This was the view set out today by R3, the trade body for insolvency professionals, in a statement covering how the EU referendum result may affect the corporate insolvency process. Andrew Tate, president of R3, said: Leaving the…
DetailsTEL-AVIV, Israel, June 27, 2016 /PRNewswire/ — Metalink Ltd. (OTCQB: MTLK), today announced that its Board of Directors has approved a plan to voluntary liquidate the Company and distribute all of its net cash to shareholders on a pro rata basis. Net of all anticipated wind-down and liquidation expenses, Metalink anticipates approximately $3.50 million to…
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