Month: December 2017

Steinhoff Scandal Place Banks at Risk of Losing Billions

Banks and creditors from the US and the U.K are creditors that are both involved in the exposure of billions to Steinhoff whose market value has collapsed after the news of accounting irregularities leading up to one of the biggest scandals within the business industry.

After the Steinhoff scandal, Banks also received exposure to the international furniture retailer through loans supported through investment vehicles by the company’s Chairman, Christo Wiese. In 2016, Wiese is the largest shareholder of Steinhoff that had pledged 628 million of the company’s shares in collateral in order to borrow funds from Goldman Sachs Group Inc, HSBC, Nomura Holdings Inc, and Citigroup. Wiese actions of getting a loan were to join in a share sale in regards to the acquisition of Poundland and Mattress Firm.

It is still not clarified if Wiese has already paid a portion of those loans. Steinhoff news showed that the market value of all the invested shares that were pledged as collateral is now down to €365 million which initially stood at €2.2 billion.

Johannesburg-based, FirstRand unit Rand Merchant Bank states that they have banking links with Steinhoff and entities that are owned by Wiese. They have also reviewed the credit exposures linked to the entities and has firm results that they are secured.

The firm also owns Conforama, the home-furnishings chain in France stated that they were considering to sell €1 billion worth of assets to boost their liquidity. They continued by saying that one of the company’s African subsidiaries would find ways to refinance long-term liabilities that will amount to another €1 billion, while an investigation to search for possibilities to recover €6 billion worth of assets. All these actions called by the firm may have the chance to recover some of the funds owed to investors and banks.

Some Do’s when in a Chat Room

Instead of going to the part or watching a movie, people go to a virtual chat room to meet new friends from all over the world. That is right and this is now considered the benchmark. People chat with strangers to get to know each other.

When you are in a chat room though to meet new friends with the use of a random cam, there are things you need to do:

  1. Be friendly. Yes as there might be a lot of weirdos in this globe but let’s admit it that there are still more friendly people. You can talk freely to them so that you can start learning each other’s interests.
  2. Be sensitive and open minded. The reason you are here is because you need other people to cheer you up or to be someone special in your life. You might also run into someone who has the same needs. However, if you are not sensitive enough, he might just pass without you even knowing.
  3. There are so many chat rooms online. This is why you have a lot of options. That said, you should find one that can keep up what your bottom line is when you chat with random strangers.
  4. Always follow your instincts. Sometimes, we suddenly feel annoyed, excited or threatened like something risky is just around the corner. You should be sensitive with what your instincts tell you as most of the time, they are real.

If you are about to take part of something, you should abide by the rules. Not only that, you should also learn how to go with the flow or go with the rules that are not really imposed but observed.

Meeting new friends all over the world through the internet might be exciting, but you should also be cautious all the time

Potent Ways in Eliminating Body Fats

As we age, our body metabolism will slow down and this is the reason why bulges will start to show. If you will ask your doctor, he will just tell you this is natural. However, as there are also those who are still enjoying a fit body despite his age, you will realize for sure that though natural, you can also eliminate your body fats and enjoy a sexier you.
This is not something that can be done in a jiffy though. But with the right losing weight pill like Phenq and the right strategy, your bottom line should be achieved quicker than expected.
Take your time when eating
Don’t be such in haste when taking your food and chew each of them properly. There is a difference in eating slowly and in gulping down the food hastily. When eating slowly, you will be forced to eat less as you can get full while doing so. While gulping down your food at once will make you want to eat more.
Don’t do other things while eating
If you are also busy watching something while eating like a movie perhaps, you tend to eat more and won’t even realize you have eaten more than you usually do. Unlike when you will focus on what you eat, you will not only enjoy the food in the process, you also tend to be full quicker.
Take in more water
Drinking a lot of water is a healthy practice. This is also a good way to feel full easily.
For a losing weight pill that is known to be really effective, Phenq-avis.com is the answer. Here you will learn everything about this pill. Not only that, you will also see some of the Phenq customer reviews.

Important Legal Tips You Must Know Before Hiring a Lawyer

Lawyers will always be important to every one of us as there will always be a time when the need to hire one will occur. You might think right now that you are living a peaceful life thus you will never need a lawyer but that is an unwise thinking. After all, you don’t only need lawyer malaysia because you committed a crime as there are more functions of lawyers than that.

Yes, lawyers of law firms in KL are also needed for a number of things like when you need to buy and sell a property, you need to apply for a patent or you need to draw a will or maybe you decide to leave your partner and so on. There are almost endless needs for a lawyer and thus, even if you don’t have a use for one right now, still it would be wise to get familiar with them or to know what to consider when the need for one arises.

  • There are different types of lawyers like there are family lawyers, criminal lawyers, patent lawyers, and so on. So, depending on your need, you should choose the right type.
  • If you are planning to draw a will or maybe you are about to separate your husband, you should choose a family lawyer. It is actually okay to choose an independent lawyer but it is also good if you choose a company where your hired lawyer is backed by a team of experts. However, even with the fact that you pick one lawyer inside a huge company, still, you should do a background check. Check out his experiences and his success rate.

Lawyers of law firm Malaysia are generally skilled and experienced thus when you hire one, you will be in good hands.

Ecommerce Site Start up – Most Common Mistakes

Ecommerce Site Start up – Most Common Mistakes

Web design

It is understandable if you are planning for an ecommerce startup. However, you should know that this is not an easy feat. As a matter of fact, a lot of entrepreneurs have experienced some serious mistakes first before they taste success.

If you are planning for your first ecommerce site right now, there is no need to experience the same fate as you can learn from them. With so many tips on how to create a web design malaysia domain, there is a good chance you will not experience the same mistakes.

But what are these most common mistakes?

  1. Not knowing how content can help a malaysia web design online platform gets its coveted ranking. An ecommerce site is not all about posting your products and services. You can also advertise them by coming up with relevant contents and keywords. Not only that this will showcase the benefits of your products but at the same time, this will also help the Google ranking system.
  2. Investing a lot of money in irrelevant online services. Yes, you need to hire the right people especially if you are dealing with something that is not your line of expertise like in designing your website for example. However, you should also limit to what are necessary only so as your resources will not be drained.
  3. For ecommerce, social media presence is a must. Ignoring this is one of the biggest mistakes a business enthusiast can make. Note that the majority of the consumers are in these types of platforms thus you should take advantage of this.

Investing in an ecommerce done by web design malaysia might be a good idea but you have to make sure you won’t experience the mistakes others had. Be sure to hire malaysia web design experts to assist you in building a viable ecommerce site.

What are the Risks of Teen Pregnancy?

Teenage pregnancy is common these days and the means to prevent them from happening seems to be effective. However, it is still a growing concern among teens these days because some of them are engaging into unprotected sex. They are not prevented from engaging into it, but the medical risks along with it is what really concerns the adults. There are certain cases wherein these medical risks can have lasting results. It is because of these reasons that there is a growing awareness of teaching teens when to engage sex the right time.

Teen pregnancy

Teen health boards are great sources of information for teens sharing their stories or asking for advice about teen sex. This is also where they ask for advice from people online when asking their parents is too awkward for them.

Missing 1 or more menstrual periods already tells that the woman is pregnant, although there are certain cases where it isn’t. however, getting pregnant among teenage girls can be very tricky, wherein their periods are not really regular. It can also be tricky where their cycles are off that are a result from excessive exercise or dieting, anorexia or low body fat due to sports. For female teens that are missing their periods, the best way to test out whether or not they are pregnant is by using pregnancy test kits. They are proven to be accurate. You can buy these at drugstores.

What are the risks in teen pregnancy?

It is one of the concerning health for teens – teenagers getting pregnant, since most of the time they get through emotional process of whether they are going to be supported by their parents or not. If it is the latter, they are at high risk of getting the right prenatal care. It is a critical process for teens to go through, especially when it is the first months of their pregnancy. Many teenagers post in health boards how their baby met with problems because of this crucial stage of pregnancy. Prenatal care screens on medical problems for both the baby and the mother, also monitors the baby’s health and growth and deals with any complications identified.