Remaining BCL employees rescue Nico
Friday, May 12, 2017
Nico
Nico plunged into financial turmoil last year when BCL Mine was placed under provisional liquidation, which saw the club fail to shell players’ dues.
The team’s wage bill stands at P80,000 per month and the club has gone for four months without paying its players and has also been defaulting on utility bills. Their transport is no longer free as it used to be under BCL because now the liquidator has to protect the creditors’ assets.
Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...