According to which concept the owner of the business is considered creditors of the business

UPDATE: Fraudulent Japanese restaurant owner denied bail The court denied the owner of Daruma Sushi’s request for bail this afternoon, after he was arrested by police at Suvarnabhumi Airport yesterday. Police say “Metha” has caused millions of baht in damages and has countless allegations against him. The 39 year old owner of Daruma Sushi – Metha Chalingsook – got into trouble when his business went into liquidation during the Covid-19 pandemic. To combat his mountain of debt, Metha sold innumerable sushi vouchers at discounted prices before closing down all 27 Daruma Sushi restaurants without warning. After receiving over 500 complaints from outraged staff and customers, Metha fled to Dubai on June 16. Authorities pressured him to come back and he was arrested upon his arrival at Suvarnabhumi Airport yesterday. The Central Investigation Bureau arrested Metha under suspicion of fraud and other offences under Thailand’s Computer Crimes Act. SOURCE: KhaoSod UPDATE: … [Read more...] about UPDATE: Fraudulent Japanese restaurant owner denied bail

Legislation proposed for the Bipartisan Innovation Act would reportedly allow the government to review corporate investments to China in order to protect American industries the government considers vital to U.S. national security, according to The Wall Street Journal. The U.S.-China Business Council, an organization which counts over 250 American companies as members, told The Daily Caller News Foundation that the legislation may actually harm the U.S. economy. Pastor Bob Fu, president of the human rights organization ChinaAid, told TheDCNF that the U.S.-China Business Council is a “pro-CCP interest lobbying group” and “partially responsible” for the “ongoing supply chain disaster.” Major American businesses and trade groups are fighting newly proposed legislation intended to protect U.S. industries deemed critical to national security from China. A bipartisan group of senators and representatives proposed legislation for inclusion within the Bipartisan Innovation Act … [Read more...] about Big Business Fights Bill Intended To Stop Selling America Out to China

Tunku Alizakri Alias (Photo by Patrick Goh/The Edge) - A + A KUALA LUMPUR (June 23): Companies should consider setting up a sustainable unit or department to help them better understand the elements of the sustainable and responsible investment (SRI) and environmental, social and governance (ESG). Malaysia Venture Capital Management Bhd chairman Tunku Alizakri Alias has said creating driven leaders and talent is essential to creating goals for the organisation and in identifying sustainable metrics. "The younger generation are driven by solutions, and by giving them a purpose, which links back to profits [which] do not harm the planet and also the people, we will see the impact in our children's time," he said at the SRI Virtual Conference 2022 titled "Preserving the Climate through Sustainable Business and Living" on Thursday. Tunku Alizakri, who is former Employees Provident Fund (EPF) chief executive officer (CEO), said a meaningful key performance … [Read more...] about Ex-EPF CEO: Businesses should consider setting up sustainable unit

Small business owners' expectations for the future fell to a 48-year low as owners report inflation continues to be their number one business problem, according to a survey by National Federation of Independent Business (NFIB). The NFIB's Optimism Index fell 0.1 points in May to a reading of 93.1, marking the fifth straight month below the 48-year average of 98. Owners expecting better business conditions over the next six months declined four points to a net negative 54%, the lowest level recorded in the survey's 48-year history. Expectations for better business conditions have deteriorated every month since January. Twenty-eight percent of owners reported inflation was their most important business problem, a decrease of four points from April. The share of owners raising prices increased two points to 72%, matching the number reached in March, and the highest reading on record. Amid a tight labor market , 51% of owners reported job openings they could not fill in May. … [Read more...] about Small Business Owner Expectations at Record Low

There's a ton of advice out there for entrepreneurs on how to be resilient and stick with your dreams in the face of rejection . Obviously, toughness is a useful quality when it comes to building a business. But new research out of Harvard suggests that when grit turns into stubbornness you pay a steep cost. In a series of experiments highlighted recently on the Harvard Business Review site, the research team found that changing your mind actually makes entrepreneurs appear more intelligent, while steadfastly sticking to your guns causes people to see you as dumber. Changing your mind is a sign of smarts, not weakness. Imagine you're pitching investors on your business and they bring up evidence that contradicts a claim you've made in your presentation. What's the best way to respond? Acknowledging the new information and changing your mind might make you look flakey and ill-informed. On the other hand, ignoring reality is never a recipe for success. … [Read more...] about How to Seem Smarter, According to New Harvard Research: Change Your Mind More

Elon Musk is revered as one of history's greatest innovators . But what makes him so brilliant is that his genius is rooted not in an abstract complexity, but straightforward simplicity. It's this ability that enables him to seemingly turn any wild idea he pursues into a wildly successful business. But that's because he doesn't pursue every idea or innovation that comes to mind. Rather, he fields them using his simple "innovation equation" to determine if they are indeed worth pursuing. It's a crucial step many entrepreneurs overlook, leading them into a blind pursuit of something that might be great, but not great for them. In an interview with Lex Fridman , an A.I. researcher at MIT, Musk calls Dan Carlin's Hardcore History the "greatest podcast ever." He goes on to discuss the pursuit of innovation, and in doing so he reveals the core of his decision-making process and his innovation equation. According to Musk, "What matters is the pace of innovation, … [Read more...] about Elon Musk Reveals His Innovation Equation. It’s an Easy Way to Gauge If a Business Idea Is Viable

Share to Twitter Share to Linkedin Emily Pickrell, UH Energy Scholar The tiny South American country of Guyana has been transformative for Exxon Mobil Corp. in the last decade, after the oil titan made the first of a series of gigantic discoveries just off its coast. As the country moves into its new role as a prolific oil producer, it’s time for it to now take the helm in managing these relationships. Indeed, its current arrangement with Exxon and partners — Hess and Chinese CNOOC — reveals the story of a country that was new to the game and inexperienced in negotiations several years ago. This team first found oil in Guyana seven years ago and has since made an astonishing 18 oil discoveries in its giant Guyanese Stabroek block. These discoveries contain generous fossil fuel wealth: nearly 11 billion barrels of recoverable oil and gas potential and counting, following the latest spate of new discoveries in April. Exxon and its … [Read more...] about As Guyana’s Oil Business Booms, Could A Potential New Deal With Exxon Loom?

New York (CNN Business) Every Q-tips box has a warning label: "Do not insert swab into ear canal," and if you're going to use it to clean your ears, gently swab the outer part only. But extracting wax from our ear canals is precisely why most of us buy Q-tips in the first place. The humble Q-tip was so perfectly designed for this purpose that it turned into a generic word for a product. Yet, somehow, we use it for the very thing it specifically warns us not to do. 'Q-Tips Baby Gays' The origins of this strange consumer phenomenon can be traced to Leo Gerstenzang, an immigrant from Poland. Read More In 1923, Gerstenzang supposedly thought he could improve upon his wife Ziuta's method of wrapping a wad of cotton around a toothpick to clean their newborn daughter Betty's eyes, ears, belly button and other sensitive areas during bathing. Gerstenzang started a company that year to develop and manufacture the first ready-made … [Read more...] about How we got addicted to using Q-tips the wrong way

Share to Twitter Share to Linkedin Topline The Supreme Court overturned Roe v. Wade on Friday, a monumental decision that’s already rolling back abortion rights in many states and could possibly make it harder for Americans to access other areas of reproductive medicine as well, including fertility treatments like in vitro fertilization (IVF). Key Facts While overturning Roe v. Wade will not automatically restrict access to assisted reproductive technology (ART) like IVF, experts told Forbes the broad or imprecise language used in some state-level abortion bans could possibly include the procedures. The wording of laws in some states risks unintentionally impairing access to ART as they “fail to reflect biological reality” or do not consider the implications of the law beyond abortion, Sean Tipton, the chief advocacy, policy and development officer for the American Society for Reproductive Medicine (ASRM), told Forbes. The wording or … [Read more...] about Overturning Roe V. Wade: Here’s How It Could Impact Fertility Treatments And IVF

Share to Twitter Share to Linkedin Topline Billionaire Ken Griffin said Thursday he is moving the global headquarters of his hedge-fund firm Citadel from Chicago to Miami, becoming the latest large company to move out of Illinois, following exits from Boeing and Caterpillar in recent weeks. Key Facts Griffin said in a letter to employees viewed by Forbes he had personally moved to Miami, and that subsidiary Citadel Securities would also make the move to Florida. Griffin said he views Florida as a better corporate environment in the letter, but has previously criticized Florida Gov. Ron DeSantis’ decision to go after Disney’s special tax status in the state following the feud between the governor and the entertainment giant over Florida’s “Don’t Say Gay” bill. The billionaire did not mention crime rates as a reason for the relocation, but he told the Wall Street Journal in April he was considering moving the company’s … [Read more...] about Billionaire Ken Griffin’s Citadel Becomes Latest Company To Move Headquarters Out Of Illinois