Facebook Announces Major Restructuring, Introduces Parent Company Called “Meta”

Facebook CEO Mark Zuckerberg announced a reshuffling of its names under a rebranded corporate parent: Meta. Zuckerberg said he the restructuring will help focus on what’s next for the internet beyond social media.

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Greenberg Traurig Recognized in the IFLR1000 M&A, Private Equity, and Restructuring and Insolvency 2021 Rankings

Four Greenberg Traurig, LLP practices operating across 16 jurisdictions have been recognized in the International Finance Law Review’s IFLR1000 M&A, Private Equity, and Restructuring and Insolvency 2021 rankings.

(PRWeb September 15, 2021)

Read the full story at https://www.prweb.com/releases/greenberg_traurig_recognized_in_the_iflr1000_m_a_private_equity_and_restructuring_and_insolvency_2021_rankings/prweb18194176.htm

PAL says measures now underway for financial restructuring

Philippine Airlines Inc. assures it will continue operations despite filing for bankruptcy. Officials said measures are in place for the proposed financial restructuring, which will cut down 25% of its fleet capacity.

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Businesses seek restructuring loans due to the impact of the pandemic

Several businesses are hesitant to apply for bank loans while other firms seek restructuring loans and payment terms, following the impact of the COVID-19 pandemic. The Bangko Sentral ng Pilipinas though assures the banking sector is far from collapse.

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Govt prepared to consider restructuring legal service to allow greater specialisation: Shanmugam

Law and Home Affairs Minister K Shanmugam said the government is prepared to consider a restructuring of the legal service where the judicial and legal branches could be split, after MP Murali Pillai filed an adjournment motion on the feasibility of creating a separate Judicial Service Commission. It has set up a working group to study some issues that may arise if the move eventually happens. Until several years ago, Singapore’s legal service was fully integrated due to a small talent pool. Officers could be deployed to both the judicial and legal branches.

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Beefing up newsrooms, improving user experience top priorities amid SPH restructuring: Khaw Boon Wan

A new digital transformation plan for Singapore Press Holdings has been unveiled as it charts the way forward with its newly formed media business, SPH Media Trust. New chairman Khaw Boon Wan laid out the plan at a town hall with SPH staff on May 12. Veteran journalist and former SPH deputy CEO Patrick Daniel will step in as interim CEO of SPH Media. Meanwhile, a search will begin for a CEO, who would ideally be a Singaporean and can take SPH Media into the future as a multilingual digital media organisation.

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Former transport minister Khaw Boon Wan to be chairman of new entity after SPH restructuring

Former transport minister Khaw Boon Wan will be chairman of Singapore Press Holdings’ new media entity after the organisation’s restructuring. In Parliament on May 10, Communications and Information Minister S Iswaran said in a ministerial statement that the decision comes after a discussion with current management shareholders, who have also agreed to form the company limited by guarantee (CLG).

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