Representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Crypto platform Zipmex files for bankruptcy protection in Singapore

July 29 (Reuters) – Southeast Asia-focused cryptocurrency exchange Zipmex said it had filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies. Singapore-based Zipmex resumed…

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Malaysia’s former prime minister Najib Razak / AFP

Malaysia ex-PM Najib served with bankruptcy notice over tax bill

Malaysia’s former prime minister Najib Razak has been served with a bankruptcy notice for failing to pay more than $400 million in unpaid taxes, a move that the ex-premier described…

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Central Bankruptcy Court endorses THAI’s rehabilitation filing and planners

Thailand’s Central Bankruptcy Court, this morning (Monday), approved Thai Airways International Public Company’s (THAI) debt rehabilitation filing and its rehabilitation planners. In approving the debt-stricken national flag carrier’s rehabilitation filing,…

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Court-ordered rehabilitation likely option for debt-laden THAI

After years of heavy losses, Thailand’s struggling national airline is making headlines with its last-ditch attempt to survive a spiralling financial crisis fuelled by the global coronavirus pandemic. Thai Airways…

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Teachers warned of serious consequences for debt default 

Teachers who have threatened to stop servicing their debts to the Government Savings Bank were warned that they could face serious consequences, including the prospect of being declared bankrupt by…

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