Construction firm goes under owing $3m A civil construction company has gone under owing creditors $3.1m, with CreditorWatch expecting the number of external administrations to rise.
Business by Glen Norris
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Subscriber only A Brisbane civil construction company has gone under owing creditors $3.1m after COVID-19 delayed projects and it lost its JobKeeper eligibility. Liquidators were appointed to Geebung-based GW Civil Contracting earlier this month after competitive pressure from larger companies squeezed margins and projects became less profitable. Worrells liquidator Lee Crosthwaite told creditors that mounting losses meant shareholders were not prepared to further fund the company s operations. Larger companies have been putting pressure on margins and it was more challenging to win work, said Mr Crosthwaite.
Not all residents needing aid after Februaryâs storms are eligible for assistance from the Federal Emergency Management Agency.
But many state and other federal agencies, working both independently and in cooperation with FEMA, offer free services, programs and grants to residents who might need disaster assistance.
Many of these government entities that might be of help are listed here:
Texas Health & Human Services Commission: HHSC is allowing Supplemental Nutrition Assistance Program (SNAP) recipients to use their food benefits to purchase hot foods and ready-to-eat meals through the end of March. Foods such as rotisserie chicken or grocery store deli foods can be purchased at retailers that accept SNAP anywhere in the state, using the Lone Star Card.
Liquidity in UAE banking sector back to pre-Covid-19 level: Central Bank
Waheed Abbas/Dubai Filed on March 16, 2021
The apex bank announced the first stimulus package of Dh100 billion in March 2020 to support economy, banks, businesses and individuals. It was later increased to Dh256 billion to accelerate the economic recovery. File photo
Drawdowns by local banks under the Central Bank’s Targeted Economic Support Scheme (Tess) launched last year at zero-cost to support businesses and individuals stood at Dh22 billion in March 2021
The overall liquidity of the UAE banking system has returned to the pre-Covid-19 level, said Abdulhamid Saeed Alahmadi, governor of the Central Bank of the UAE (CBUAE).
SumUp, a London-based startup that helps businesses power revenues through card payments by way of physical readers, online payments, invoices and other services is itself powering up in a big way. Today it announced financing totalling €750 million (around $895 million at today's rates), money that it will be using to continue expanding its business specifically, for acquisitions; to launch in new markets in Europe, Latin America and Asia; and to build out the suite of services that it provides to businesses. The company is already active in 33 countries (most recently Chile, Colombia and Romania) and has some 3 million businesses as customers.
Student Loan debt is increasing twice as fast as it did before the Covid Shutdown. Travis Hornsby Student Loan Planner says the Covid Relief Measure of pausing Federal loan payments is making even the most diligent of loan payers take a break.