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The practice of jailing debtors who default on payments in the Gulf "sounds morally wrong", a leading economist has told Arabian Business. Roy Batchelor, Professor of Banking and Finance at London’s Cass Business school, said in an interview: “I can see that a piece of bad luck is going to send you to prison, and that sounds morally wrong, never mind the economics of it.” Professor Batchelor, whose previous students include easyJet founder Stelios Haji-Ioannou, said the attitude of Gulf banks to lending was out of sync with banks in much of the rest of the world. He said: “I can see it is very convenient for a bank to ...
PT Lafarge Cement Indonesia a subsidiary of world leader in cement manufacturing and building material having its operation in Aceh, North Sumatra, Riau and Batam invites you to join our team to be based in Medan with some traveling as : Accounting Manager (Code: AM) Reports to Financial Controller, the candidate is responsible to : * Sign the invoices produced by LCI to be distributed to business partner. * Assist to authorize credit temp for distributor and analyze the income statement and balance sheet report. * Prepare the report of sales and volume, the income statement and balance ... Read More
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