Cambodia approves creation of companies to buy bad debts
Economy Move comes as nonperforming loans soar in economy battered by tariffs and war The National Bank of…
Labour asks Govt to exempt abuse in care survivors, people in hardship from MSD debt law change
The legal reforms are not connected with the compensation payments that abuse in care survivors will receive as…
Govt to reverse court ruling on MSD debts impacting 40,000, including abuse in care survivors
Recently, the High Court ruled MSD was wrong to do this, but the Government disagreed and has introduced…
Government legislation will reverse court decision that could have wiped large debts for beneficiaries
CLCA chief executive Sue Moroney said this delay can be years and in the meantime, some people will…
Yoyoso parent Acecco in receivership with $11.6m debts, repayments unlikely
Acecco Holding is also a 51% shareholder of Beautylife Electronics NZ, which has so far not been affected…
EPF savings drained to repay son’s debts
IPOH: His savings with the Employees’ Provident Fund (EPF) have all been used to clear his youngest son’s…
Bankrupted Auckland property developer owes millions, companies liquidated, blames housing market for debts
He has blamed the collapsing Auckland property market for his financial woes, but hoped to trade himself out…
Japan policy wonks consumed by debate over how to measure fiscal woes
A key measure of fiscal health in Japan is losing favor, with allies of the current administration saying…
Fitch warns ‘Vietnam banks at risk’ as government accelerates lending
Fitch Ratings has issued a warning about the growing risks facing Vietnam’s banking sector. The agency raised concerns…
Plant-based food firm Grater Goods goes into liquidation with debts owed to ASB Bank and Inland Revenue
After seeking professional advice, Grater decided to put the company into voluntary liquidation. It had 11 shareholders at…
Media Insider: Regional media firm, 20 jobs saved in rescue deal led by local identity
The Dargaville company was placed in voluntary administration in late July and since then Whimp has been sorting…
Absolute Traffic Solutions liquidated over $1.1m Inland Revenue debt, 85 staff sacked
They appear in the accounts as preferential creditors but whether they will get their wages and salaries remains…