Sri Lanka admits bankruptcy, crisis to drag through 2023
The island nation's 22 million people have endured months of galloping inflation and lengthy power cuts after the government ran out of foreign currency to import vital goods.
Thai AirAsia X files for bankruptcy
It says the objective of its rehabilitation process is to revamp the company's administration process and restructure its debts and that operations will continue as usual.
Bankrupt Sri Lanka asks citizens abroad to send home cash
The island nation is in the grip of its worst economic crisis since independence in 1948, with severe shortages of essential goods and regular blackouts causing widespread hardship.
Zafrul schools Anwar on loans for ‘gambling’ firm after Genting-linked cruise company winds up
Tengku Zafrul Aziz says as a former finance minister himself, Anwar should be aware of the role of shareholders.
Cruise operator Genting HK files to wind up company
Most operations of Genting Hong Kong will likely cease, although some will continue in an effort to preserve core assets.
Genting shipbuilders in Germany file for bankruptcy
The cruise ship industry has been shaken by a spate of recent coronavirus outbreaks on liners despite increased health measures, giving new headaches to the pandemic-hit sector.
Over 10,000 declared bankrupt during MCO period
A total of 1,246 businesses also closed down during the same period.
Dec 7 hearing for Najib’s bid to strike out bankruptcy notice
His application to stay the bankruptcy proceedings will be heard on the same day.
Court throws out Najib’s bid to stay RM1.69 billion tax case
A High Court judge says the former prime minister has no strong grounds for a stay of execution to be granted.
Give aid to those declared bankrupt too, business group tells govt
The Malay Chamber of Commerce Malaysia says those in this group are currently unable to apply for the aid introduced by the government to cushion the impact of Covid-19.
Najib applies to strike out bankruptcy notice in RM1.69 billion tax case
The former PM claims that the notice issued by LHDN was part of a conspiracy to destroy his political career.
Najib yet to be declared bankrupt, says lawyer
He says the former PM will file applications to stay the bankruptcy proceedings and set aside the bankruptcy notice before May 24.