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bankruptcy

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Tupperware cancels auction, agrees to lender takeover

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

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

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

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
Altantuya’s family files bankruptcy notice against Razak Baginda

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

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

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?

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
Budget 2024: Second chance policy on bankruptcy expanded - PM

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

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
Budget 2023: Tax incentives for ACE, LEAP listings to catalyse entrepreneurship

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
Cuepacs proposes extending maximum loan tenure to prevent bankruptcies

Cuepacs proposes extending maximum loan tenure to prevent bankruptcies

The Finance Ministry and Bank Negara have been urged to look into extending the maximum loan tenure to increase disposable income and prevent bankruptcy.
Sat Feb 04 2023
Twitter won't go bankrupt anytime soon, says Elon Musk

Twitter won't go bankrupt anytime soon, says Elon Musk

Twitter head Elon Musk has confirmed that the social media platform is no longer "in the fast lane to bankruptcy" reported dpa.
Tue Dec 27 2022
Musk warns of Twitter bankruptcy as more senior executives quit

Musk warns of Twitter bankruptcy as more senior executives quit

In his first meeting with all employees at Twitter, Musk warned that the company may lose billions of dollars next year.
Fri Nov 11 2022
Jamal denies being issued bankruptcy order, says eligible to contest in GE15

Jamal denies being issued bankruptcy order, says eligible to contest in GE15

Sungai Besar BN candidate Jamal Md Yunos has denied being issued a bankruptcy order that could disqualify him from contesting in the GE15.
Fri Nov 04 2022
Abidin takes oath of office as Sungai Bakap assemblyman

Abidin takes oath of office as Sungai Bakap assemblyman

The State Assemblyman for Sungai Bakap, Abidin Ismail, was sworn in today at the State Assembly building, Lebuh Light.
Fri Nov 22 2024
UPNM cadet officer charged with injuring junior, stomping on him with spike boots

UPNM cadet officer charged with injuring junior, stomping on him with spike boots

A cadet officer at UPNM pleaded not guilty to a charge of injuring his junior by stomping on the victim's stomach with spike boots.
Fri Nov 22 2024
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled

How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled

The indictment was unsealed on Nov. 20, prompting a $27 billion plunge in Adani Group companies' market value.
Fri Nov 22 2024
Elon Musk blasts Australia's planned ban on social media for children

Elon Musk blasts Australia's planned ban on social media for children

Several countries have already vowed to curb social media use by children through legislation, but Australia's policy could become one of the most stringent.
Fri Nov 22 2024
Trump picks Pam Bondi for US Attorney General after Gaetz withdraws

Trump picks Pam Bondi for US Attorney General after Gaetz withdraws

Bondi was the top law enforcement officer of the country's third most populous state from 2011 to 2019, and served on Trump's Opioid and Drug Abuse Commission during his first administration.
Fri Nov 22 2024
Ringgit extends uptrend against greenback in early trade

Ringgit extends uptrend against greenback in early trade

At 8 am, the local currency climbed to 4.4600/4700 against the greenback.
Fri Nov 22 2024
Lebanon's only burn unit treats toddlers after Israeli strikes

Lebanon's only burn unit treats toddlers after Israeli strikes

The hospital hallways echo with the screams of children as anxious parents await news from doctors.
Fri Nov 22 2024
AI revolutionising sports to develop world-class athletes

AI revolutionising sports to develop world-class athletes

Can a young Orang Asli child from Gua Musang, Kelantan be turned into an Olympic champion in 2036?
Fri Nov 22 2024
Selangor records 1,354 out-of-wedlock teen pregnancies from 2023 to Sept 2024

Selangor records 1,354 out-of-wedlock teen pregnancies from 2023 to Sept 2024

Anfaal Saari emphasises the seriousness of the issue, especially involving children and teenagers under 18 years old.
Thu Nov 21 2024
ICC issues arrest warrants for Netanyahu and Gallant

ICC issues arrest warrants for Netanyahu and Gallant

The International Criminal Court (ICC) has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant.
Thu Nov 21 2024