Parkson's Vietnam unit to file for bankruptcy, only remaining store to close
The Parkson group set foot in Vietnam in 2005 and developed a premium shopping mall chain in the major cities of Ho Chi Minh City, Hanoi and Haiphong.
Over 10,000 bankruptcies and 1,200 companies forced to wind down during pandemic, says PM
KUALA LUMPUR (Sept 27): Malaysia saw 1,246 companies forced to wind down while 10,317 individuals registered for bankruptcy throughout the Covid-19 pandemic from March 2020 to July 2021, Prime Minister Datuk Seri Ismail Sabri Yaakob said.
Najib’s application to quash RM1.69b IRB bankruptcy claim set for Dec 7
KUALA LUMPUR (Aug 27): The hearing of former premier Datuk Seri Najib Razak’s (pictured) application to stay proceedings and to set aside the bankruptcy notice on the grounds of abuse of process in the Inland Revenue Board’s (IRB) bankruptcy claim against him is set for Dec 7.
Serving of bankruptcy notice on Najib an act of intimidation, says Shafee
PUTRAJAYA (April 8): Datuk Seri Najib Razak’s lawyer Tan Sri Muhammad Shafee Abdullah (pictured) has described the move to serve a bankruptcy notice on the former premier as intimidation on the grounds that it happened just after Umno had declared its withdrawal of support for the Perikatan Nasional government.
Former Port Klang Authority GM OC Phang declared bankrupt
KUALA LUMPUR (Jan 19): Former Port Klang Authority general manager (GM) Datin Paduka OC Phang, who was ordered to pay RM2.
Muji Singapore and Malaysia business not affected by US bankruptcy protection filing
PETALING JAYA (July 21): Japanese homewares and lifestyle retailer Muji said that its business in Singapore and Malaysia will operate as usual despite the United States arm filing for bankruptcy protection, reported Channel News Asia.
Muji USA files for bankruptcy
PETALING JAYA (JULY 13): Muji USA Ltd, the US unit of the Japan-based lifestyle and apparel brand has filed for bankruptcy in the state of Delaware on July 10.
Easing home loan rules risky, say analysts
PETALING JAYA (June 14): The new government’s apparent intention to ease lending rules for home purchases may introduce additional risks to banks, analysts told The Edge weekly.
RM40b MRT3 project scrapped, says PM
PUTRAJAYA (May 30): The government is scrapping the third mass rapid transit line (MRT3) project, which is estimated to cost up to RM40 billion to build, Prime Minister Tun Dr Mahathir Mohamad said today.
