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A service for global professionals · Wednesday, October 5, 2022 · 594,239,986 Articles · 3+ Million Readers
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South-East Asia Bankruptcy News  •••  Topics  •  South-East Asia Media Directory

South-East Asia Bankruptcy Newswire

  • Published on Oct 4, 2022

    Thailand's Nok Air restructuring ongoing but faces delisting

    The Central Bankruptcy Court in Bangkok has issued another approval regarding the Nok Air (DD, Bangkok Don Mueang) business rehabilitation plan and an amendment accepted by creditors. In a September 29 Stock Exchange of Thailand (SET) filing, the airline …

    Source: Ch-Aviation - Neutral
  • Published on 00:42 GMT

    Hundreds of NFTs moved from bankrupt crypto fund Three Arrows, tracker says

    NEW YORK - More than 300 NFTs were moved out of a crypto address associated with Starry Night Capital, a NFT-focused fund launched by the co-founders of the now-bankrupt crypto hedge fund Three Arrows Capital. It's the first time the NFTs have been …

    Source: The Straits Times - Pro-Government
  • Published on Oct 4, 2022

    Lawsuit stalls Garuda Indonesia rights issue

    26.09.2022 - 20:37 UTC Garuda Indonesia (GA, Jakarta Soekarno-Hatta) has asked the United States Bankruptcy Court for the Southern District of New York to recognise, under Chapter 15 of the US Bankruptcy Code, the results of its recent debt restructuring …

    Source: Ch-Aviation - Neutral
  • Published on Oct 3, 2022

    Thailand News Today | Foreigners anger Chiang Mai locals for kissing in temple

      Maya Bay on Koh พีพีเล in Krabi province has reopened to the public.  The iconic bay had been closed to tourists to allow for environmental recovery. … The closure will be an annual occurrence to try to protect the ecology and wildlife living or visiting …

    Source: Thaiger - Neutral
  • Published on Oct 3, 2022

    Thai Airways is recruiting a new CEO

    Debt-ridden Thai Airways is looking to hire an “ethical” Chief Executive Officer to steer the airline in the flight direction. After a year without a CEO, the nation’s flag carrier posted a job advertisement on LinkedIn looking for a highly-qualified …

    Source: Thaiger - Neutral
  • Published on Oct 3, 2022

    Personal Bankruptcy Filings Remain High Due to Pandemic

    People walk across an intersection in Seoul on March 24, 2020. (Yonhap) SEOUL, Oct. 3 (Korea Bizwire) — The number of personal bankruptcy filings neared 50,000 last year amid a prolonged economic slowdown resulting in part from the COVID-19 pandemic. …

    Source: The Korea Bizwire - Uncategorized
  • Published on Oct 4, 2022

    Businesses Brace for Currency Chaos in Asia

    Tigun Wibisana and Sandra Kok, who own the SiTigun cafe on Penang Island in Malaysia, are facing an excruciating decision that could make or break their business of 14 years: Can they increase prices to cover rising expenses without driving customers into …

    Source: The New York Times - Neutral
  • Published on Oct 1, 2022

    Crypto’s hold on F1 sponsoring gets tested in Singapore

    The shift underscores the changing mood around crypto, both from a regulatory and a financial standpoint. Jurisdictions in Singapore, the UK and France have intensified scrutiny this year after digital asset prices soured, billion-dollar projects collapsed …

    Source: Gulf News - Pro-Government
  • Published on Oct 1, 2022

    Korea’s Oceans Minister Addresses Speculation for Quick Sale of HMM

    HMM has launched new larger ships as it plans long-term growth (HMM file photo) Published Sep 30, 2022 2:45 PM by The Maritime Executive Government officials in South Korea sought to address rumors that the Korea Development Bank is seeking a quick sale of …

    Source: The Maritime Executive - Uncategorized
  • Published on Sep 30, 2022

    Thai Airways Is Searching For A New CEO On LinkedIn

    IATA/ICAO Code: TG/THA Airline Type: Full Service Carrier Hub(s): Bangkok Suvarnabhumi Airport Year Founded: 1960 Alliance: Star Alliance CEO: Suvadhana Sibunruang Country: Thailand Thai Airways has posted a job posting on LinkedIn for a new CEO. …

    Source: Simple Flying - Neutral
  • Published on Sep 30, 2022

    “Almost Bankrupt” Zi Char Stall Boss Says Biz Tripled After Getting Halal Cert; Fish Steamboat Now On Menu

    Fish head steamboat is a great communal dish to gather around with friends and family. However, the traditional Teochew dish isn’t typically served at halal zi char eateries, which might lead to fish steamboat FOMO for our Muslim friends. Enter Mari Mari …

    Source: Today - Pro-Government
  • Published on Sep 30, 2022

    Garuda Indonesia files for Chapter 15 bankruptcy in U.S.

    JAKARTA, Indonesia: Irfan Setiaputra, CEO of Indonesian flag carrier Garuda Indonesia, has confirmed to Reuters that last week the airline asked a New York bankruptcy court to recognise its recent debt restructuring agreement in a Jakarta court, under …

    Source: Indonesia News.net - Uncategorized
  • Published on Sep 30, 2022

    Thailand: 5 firms face legal action over alleged illegal digital asset exchange activity

    Thailand’s Securities and Exchange Commission (SEC) has instituted legal action against five legal entities for their roles in illicit activity on virtual currency exchanges. The SEC’s press release disclosed that it is handling two matters, the first …

    Source: Coingeek - Neutral
  • Published on Sep 30, 2022

    Garuda Indonesia Files For US Chapter 15

    Flag carrier Garuda Indonesia has asked a New York court to formally recognise the agreement it reached with creditors to cut its debt in half to around $5 billion, according to statements made by CEO Irfan Setiaputra to Reuters on 26 September. The …

    Source: Travel Daily Media - Neutral
  • Published on Sep 29, 2022

    Cambodia to Earn 70 Percent of Stolen Oil Value

    Cheap Sour, director-general of the General Department of Petroleum at the Ministry of Mines and Energy, said the buyer will pay Cambodia 30 days after the oil transfer. Photo: Ministry of Mines and Energy PHNOM PENH – Cambodia will gain the value of 70 …

    Source: Cambodianess - Neutral
  • Published on Sep 29, 2022

    Enormous debt forces Garuda Indonesia to file for bankruptcy

    Last week, Garuda Indonesia asked a New York bankruptcy court to recognise its recent debt restructuring agreement in a Jakarta court, under Chapter 15 of the U.S. Bankruptcy Code If there is the presence of a U.S. financial interest in proceedings, …

    Source: Raleigh Times - North Carolina - Neutral
  • Published on Sep 28, 2022

    Garuda Indonesia files for Chapter 15 Bankruptcy

    ShareTweetPin ItShare Garuda is the flag carrier of Indonesia and the only Indonesian airline flying to Europe. Indonesian Garuda last week filed for Chapter 15 Bankruptcy at a New York Bankruptcy court and requested the recognition of its recent debt …

    Source: ScandAsia - Uncategorized
  • Published on Sep 27, 2022

    Crypto exchange FTX to acquire bankrupt Voyager's assets

    Bankrupt crypto lender Voyager Digital said on Monday crypto exchange FTX has won an auction for its assets, in a bid valued at about $1.42 billion. FTX's bid comprises of a fair market value of all Voyager cryptocurrency, at a to-be-determined date, …

    Source: Channel News Asia - Neutral
  • Published on Sep 28, 2022

    Garuda Indonesia files for bankruptcy protection and debt restructuring

    Indonesian national carrier Garuda Indonesia has decided to file for Chapter 15 bankruptcy protection in the US as it looks to turn its attention to future stability.  The move comes after its court-supervised debt restructuring in July. According to …

    Source: Marketing-Interactive - Neutral

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