Tupperware cancels auction, agrees to lender takeover
Tupperware Brands agreed to sell its business to a group of lenders for $23.5 million in cash and over $63 million in debt relief.
Wed Oct 23 2024
Musk warns of risks of US going bankrupt
Elon Musk says the interest on the debt is trending to rapidly absorb all tax revenue, leaving nothing for critical needs.
Tue Oct 22 2024
Tupperware files for bankruptcy as its colorful containers lose relevance
Post-pandemic cost hikes in raw materials, labor, and freight hit Tupperware's margins hard.
Wed Sep 18 2024
AWANI Tonight: Tupperware Brands set to file for bankruptcy
Tupperware Brands is preparing to file for bankruptcy after a year-long effort to revive the business, as it faces mounting debt and a sharp decline in demand for its once iconic plastic containers.
Tue Sep 17 2024
Musk says US going bankrupt ‘extremely quickly’
The US national debt currently stands at about US$35 trillion, according to the US Treasury Department.
Tue Sep 10 2024
Altantuya’s family files bankruptcy notice against Razak Baginda
Abdul Razak Baginda failed to pay over RM9.24 mln in damages, including interest, to the family as ordered by the High Court in 2022.
Thu Aug 29 2024
Court rejects Najib and son's bid to stay bankruptcy proceedings
Today's decision was to stay the bankruptcy proceedings to allow the Special Commissioners of Income Tax (SCIT) hearing to go on first.
Mon Jul 29 2024
142,510 bankrupt cases given discharge so far, exceeding initial target of 130,000 cases - PM
The policy is extended to bankrupts to provide them the opportunity to return to contribute to the national economy and live a new life.
Thu Jul 25 2024
AWANI Review: WeWork’s Fallout: A reflection or anomaly in co-working demand?
WeWork's bankruptcy filing shouldn't be misinterpreted as a broader industry downturn. Local operators Stephanie Ping and Andrew Yeow of WORQ say that as offices continue to pivot towards flexible working, so too does the demand for co-working space.
Sat Nov 25 2023
Ex-crypto mogul Sam Bankman-Fried convicted of multi-billion dollar FTX fraud
Sam Bankman-Fried was found guilty of stealing from customers of his now-bankrupt cryptocurrency exchange.
Fri Nov 03 2023
Light at end of tunnel for insolvents under amended Act
The main amendment, helps bankrupts be released from insolvency within three to five years from the time they submit their statements.
Fri Oct 20 2023
Budget 2024: Second chance policy on bankruptcy expanded - PM
Datuk Seri Anwar Ibrahim said as of July this year, almost 14,000 cases with small debts of below RM50,000 discharged from bankruptcy.
Fri Oct 13 2023
31,140 youth under 35 declared bankrupt since 2014 - Ramkarpal
The govt has implemented several initiatives including bankruptcy discharge for those declared bankrupt for debts below RM50,000.
Mon Jun 26 2023
1MDB, subsidiaries get leave to continue lawsuit against Jho Low's associate
Lawyer Siva Kumar said 1MDB's application to continue the lawsuit against Eric Tan Kim Loong could continue even if he is declared bankrupt.
Wed Jun 07 2023
Budget 2023: Tax incentives for ACE, LEAP listings to catalyse entrepreneurship
The Budget 2023 commits to fiscal consolidation with further reduction in budget deficit to GDP ratio to 5% this year and to 3.2% by 2025.
Fri Feb 24 2023
COP29 climate summit draft proposes rich countries pay $250 billion per year
The draft finance deal criticised by both developed and developing nations.
Fri Nov 22 2024
Bomb squad sent to London's Gatwick Airport after terminal evacuation
This was following the discovery of a suspected prohibited item in luggage.
Fri Nov 22 2024
Kelantan urges caution amidst northeast monsoon rains
Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.
Fri Nov 22 2024
Former New Zealand PM Jacinda Ardern receives UN leadership award
Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.
Fri Nov 22 2024
ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM
The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.
Fri Nov 22 2024
KTMB provides two additional ETS trains for Christmas, school holidays
KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.
Fri Nov 22 2024
BNM'S international reserves rise to USD118 bil as at Nov 15, 2024
Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.
Fri Nov 22 2024
Findings by dark energy researchers back Einstein's conception of gravity
The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.
Fri Nov 22 2024
NRES responds to Rimbawatch press release on COP29
The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.
Fri Nov 22 2024
Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections
The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.
Fri Nov 22 2024