The Horungruang family was a big name in Thai steel before losing its business empire in the financial crisis of 1997. A 200-billion-baht fortune shrank suddenly after the government of the time dropped the currency peg and introduced a floating exchange rate.The Horungruangs started out as an ordinary Chinese family, moving from Guangdong to Thailand in search of better opportunities. No one foresaw such a massive crisis, with financial institutions collapsing and companies laying off workers. The family members decided to sell all steel business units and make a clean break with the past. Except for Pravit Horungruang. He returned to the steel business in 2015 -- but as a managerial employee, not as an owner. Now he's the recently appointed president and chief executive of SET-listed Millcon Steel Plc, effective since March. "I have my mission to administrate and mobilise the steel business to ensure sustainable growth in the future with the adoption of innovation and technology to … [Read more...] about A riveting drama and a new beginning
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Rejected options for an A27 upgrade at Chichester could be adapted by a community group, according to county council leader Louise Goldsmith. It said a A27 northern bypass would have conflicted with national policy and a full southern upgrade as proposed had ‘technical difficulties’.READ the full text of Highways England’s letter here.Mrs Goldsmith has said the cost of the options, each estimated at around £500m by Highways England, appeared to be a key factor and the council would ‘start to look at how the BABA27 community group can adapt the options’.West Sussex County Council is also set to ask Highways England to justify its reasons for rejecting options for the A27, particularly with regards to cost and protected areas to the south of the city.A county council spokesperson said it was not clear how Highways England reached its cost estimates for the conceptual north and southern routes, both of which were found to cost £100million or more … [Read more...] about ‘We will adapt rejected Chichester A27 ideas and try again’, county council leader says
PUBLISHED: 17:00 14 January 2019 Christine Cunningham John and Catherine Miller leaving Norwich Crown Court. John Miller is charged with fraudulent trading and money laundering which he denies, and Catherine Miller is charged with money laundering which she also denies. Picture: DENISE BRADLEY Archant A couple and their new born baby were left without heating by a Norwich builder who was working on their new home extension, a court heard. Stuart Firth told a Norwich Crown Court jury how he hired John Miller to build a two-storey extension to his home near North Walsham.Miller, 46, had quoted £19,000 and said the work would take 10 weeks but Mr Firth said it ended up with long delays and Miller walking off the job leaving him to pay another £3,500 to £4,000 to get some of the work finished.Miller, of Three Mile Lane, Costessey, has denied fraudulent trading and money laundering in a prosecution brought by Norfolk County Council trading … [Read more...] about Couple and new-born baby left without heating by builder who ‘walked off’ before finishing extension, court hears
It sounds counterintuitive, but the more zeroes you see behind the dollar sign, the more headaches you may endure. Inés Ruiz Published 9:30 am CST, Monday, January 14, 2019 Photo: Kmlmtz66 | Getty Images Photo: Kmlmtz66 | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: Kmlmtz66 | Getty Images 5 Things No One Tells You About Running a Million-Dollar Business 1 / 1 Back to Gallery It’s every entrepreneur’s dream to reach seven figures in business, but as my own experience has taught me, hitting the million-dollar mark doesn’t mean it's all been smooth sailing. Before my language app crossed seven figures, I believed a lot of what … [Read more...] about 5 Things No One Tells You About Running a Million-Dollar Business
Breaking News Emails Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings. SUBSCRIBE Jan. 10, 2019, 2:39 PM GMT By Robert Frank, Scott Zamost, Hannah Kliot and Jasmine Wu, CNBC Last spring, Leonardo Galvez got an offer from JetSmarter that seemed too good to pass up. The private-jet start-up was offering Galvez its top-of-the-line "sophisticated membership," which included unlimited, free private-jet flights and the chance to bring a guest. The membership usually cost $50,000 a year, but JetSmarter told Galvez that if he acted now, he could get three years for $97,500, which he accepted. Weeks later, Galvez was stunned when he tried to book a JetSmarter flight. Rather than flying for free as promised, he was told he would have to pay 75 percent of the cost of his flights. The guest pass and other benefits also disappeared, he said. "My heart dropped," Galvez said. "My membership meant nothing anymore. It was the easiest … [Read more...] about JetSmarter tried to be the Uber of private jets. Now it faces lawsuits, losses and security questions.