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The International apartments' creditor claims hit $125m


The International apartments creditor claims hit $125m
14 May, 2021 12:00 AM
5 minutes to read
Gary Groves from the Sanctuary Group is developing the 90-unit project called The International on Princess Street. / Dean Purcell
Gary Groves from the Sanctuary Group is developing the 90-unit project called The International on Princess Street. / Dean Purcell
A new report on the company behind Gary Groves $250 million The International apartment project in Auckland shows total creditor claims are $125.2m although they were much higher until unit sales reduced part of the
debts.
The Herald reported last month how $69m was the possible shortfall but the latest report has much higher sums. ....

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Nomura pares FY22 growth estimate to 10.8%


‘Lockdowns to impact economy’
Japanese brokerage Nomura on Tuesday cut its GDP growth estimate for the current 2021-22 fiscal to 10.8% from the earlier 12.6%, blaming the impact of the second wave-induced lockdowns.
It said the activity levels have dropped further to 64.5% of the pre-pandemic levels in the week to May 9 as per a proprietary index, after a further 5 percentage points drop in the week.
The activity levels, at present, are at par with those seen in June last year.
The country has reported over 4 lakh new infections and 4,000 deaths a day during the ongoing second wave of the COVID-19 infections, leading over 20 States to impose lockdowns or lockdown-like restrictions as a desperate measure to restrict the virus spread. ....

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Welcome To IANS Live - LatestNews - S'pore tightens pandemic control measures amid rising cases

Starting from 23:59 hours May 7, all new travellers arriving from higher risk countries or regions will be subject to 21-day Stay-Home Notice (SHN) instead of 14 days at dedicated SHN facilities, said the Ministry of Health in a statement.More ....

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Welcome To IANS Live - LatestNews - Liquor prices in UP increase with 'corona cess'


Photo Credit: IANS
IANSLive
Lucknow, May 4 (IANS) Liquor prices in Uttar Pradesh have increased after the state government imposed a corona cess from Tuesday.
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Update: 04-May-2021 ....

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Welcome To IANS Live - NATION - Liquor prices in UP increase with 'corona cess'


Photo Credit: IANS
IANSLive
Lucknow, May 4 (IANS) Liquor prices in Uttar Pradesh have increased after the state government imposed a corona cess from Tuesday.
To get full access of the story, click here to subscribe to IANS News Service
© 2021 IANS India Private Limited. All Rights Reserved.
The reproduction of the story/photograph in any form will be liable for legal action.
For news, views and gossips, follow IANS at Twitter.
Update: 04-May-2021 ....

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