Abstract Science Construction’s business is in planning, developing and building road projects. The major of its clients are municipalities, city governments, and other public sector entities. While the bankruptcy rates for these clients is very low, when economic downturns happen, their ability to pay in a timely fashion also suffers. This leads to businesses such as Science Construction needing to take on additional debt and to find creative methods in order to stay afloat during times of recession. Methods such as selling accounts receivables at discounted rates and taking larger lines of credit through banks and other lending institutions are some of the ways organizations can remain viable when their cash inflows have turned into a trickle. Science Construction is asking the Turkish Courts to postpone their bankruptcy proceedings for a year while they attempt to restructure. Through this, suggestions such as forcing shareholders to pay their debt to the organization, gaining credi...
The overwhelming enthusiasm for bio-fuel to counter the demand of fossil fuel and use something environment friendly, is not all that going well. Last month British Prime Minister Mr Gordon Brown changed the rule that in UK 2.55 % bio-fuel to be sold in Britain for petrol and diesel. There is a report the Greenpeace activists staged a protest dressing orangutans to protect the tropical rain forests and drying out the peat lands in Malaysia. Where to augment the cultivation of palm oil the rain forests are being devastated. As per Greenpeace this harming the environment by releasing carbon dioxide.
Palm oil was introduced in Malaysia in 1910 by a Scotsman. This oil even few years ago use to be major edible oil specially for the poor, it was very cheap in comparison to other edible oils. It is also used to make soap and finally found fit for biofuel. As it promised a clean , green and alternative to petrol. This caused a price hike to near about 70% over the last year. The price hike is blamed by some section of people for major price hike in other food grains too.
Malaysia produce half the world`s entire produce of palm oil. But nothing appears to be clean and green.
Palm oil was introduced in Malaysia in 1910 by a Scotsman. This oil even few years ago use to be major edible oil specially for the poor, it was very cheap in comparison to other edible oils. It is also used to make soap and finally found fit for biofuel. As it promised a clean , green and alternative to petrol. This caused a price hike to near about 70% over the last year. The price hike is blamed by some section of people for major price hike in other food grains too.
Malaysia produce half the world`s entire produce of palm oil. But nothing appears to be clean and green.
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