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View all search resultsbankruptcy
Business 4 years ago
PREMIUM
APINDO seeks extension of loan restructuring program, moratorium on bankruptcy petitions
A significant increase in the number of insolvency and bankruptcy petitions has prompted demands for a temporary halt of such cases, which critics say have been abused to take unfair advantage of indebted companies. But a moratorium would put more pressure on banks.
Business 4 years ago
PREMIUM
Garuda’s recovery from debt crisis hinges on business restructuring
National flag carrier Garuda Indonesia needs more than cash to survive another day. To solve its Rp70 trillion (US$4.9 billion) debt crisis, the airline requires government help and a profound restructuring of its business.
Business 5 years ago
Death knell sounds for some of Japan's oldest department stores
After more than three centuries in business, the Onuma department store in northern Japanese city of Yamagata began bankruptcy proceedings this year - one of many distinguished department stores across the country in dire straits.
