Is Sidma Steel Products (ATH:SIDMA) Using Debt In A Risky Way?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, ‘The possibility of permanent loss is the risk I worry about… and every practical investor I know worries about.’ So it seems the smart money knows that debt – which is usually involved in bankruptcies – is a very […]
Behind the Deadly Unrest in Kenya, a Staggering and Painful National Debt – The New York Times
Kenya, the fastest growing economy in Africa, is on the brink of a fiscal calamity. Across Africa, nations are spending more on interest than on health or education. The immediate trigger for the raging protest that gripped Kenya’s capital on Tuesday was a raft of proposed tax increases — additional shillings that ordinary citizens would […]
Record $3b foreign debt repaid in 11 months
Economic Relations Department (ERD) data show that Bangladesh has repaid a total of $3.068 billion to its development partners during the first 11 months of the current fiscal year – the highest ever for the country, which is set to graduate from least developed country status in 2026. Bangladesh’s annual foreign debt servicing – both […]
Department of Labor begins debt collection against Ohio landscaping company barred from federal worker program after owner allegedly threatened workers
Hoenigman Landscaping Co. ordered to pay $169K in wages, penalties NEWBURY, OH – The U.S. Department of Labor has initiated debt collection procedures against a Newbury landscaping company that allegedly threatened workers for cooperating with a federal investigation that found the company and its owner owes $169,015 in back wages and damages to 19 affected workers. […]
Is Shandong Molong Petroleum Machinery (HKG:568) Using Debt In A Risky Way?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that ‘Volatility is far from synonymous with risk.’ It’s only natural to consider a company’s balance sheet when you examine how risky it is, since debt is often involved when a business collapses. […]
Sinosteel Engineering & Technology (SZSE:000928) Seems To Use Debt Quite Sensibly
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, ‘The possibility of permanent loss is the risk I worry about… and every practical investor I know worries about.’ So it seems the smart money knows that debt – which is usually involved in bankruptcies – is a very […]
Small businesses urged to review tax compliance as financial year ends
With the Australian Taxation Office (ATO) intensifying its efforts to collect outstanding tax debts, Insolvency Australia has urged small business owners to maintain strict tax compliance, highlighting the end of the financial year as an optimal time for businesses to review their tax status. “The ATO is hellbent on collecting what it’s owed and is […]
Adler and Codere Show Soft Debt Restructuring Deals Don’t Work
Welcome to The Brink. This is Libby Cherry in Frankfurt and Giulia Morpurgo in London, where we are looking at how soft-touch debt restructurings have backfired. We also have news on Intrum, a new type of debt protection and sovereign debt negotiations in Ghana, Sri Lanka and Ethiopia. Follow this link to subscribe. Send us […]
La. debt collection agency being pieced together
BATON ROUGE, La. (AP) — Louisiana’s revenue department has been working for months to create a new debt collection office, but its chief said Thursday it will be years before state government has a comprehensive system to attack delinquent accounts. Revenue Secretary Tim Barfield said Louisiana is on track with how other states rolled out […]
Middlesbrough Council steps up resources to collect unpaid debts
Image caption, Middlesbrough Council is owed more than £67m Article information Author, Naomi Corrigan Role, Local Democracy Reporting Service 42 minutes ago A cash-strapped council is chasing unpaid debts as figures show the local authority is owed more than £67m. Middlesbrough Council found itself on the brink of declaring effective bankruptcy earlier this year, before […]