Higher interest rates and weaker demand strain corporate balance sheets across the region. Corporate insolvencies across Asia-Pacific are rising as tighter credit conditions, elevated interest rates and slowing demand converge to pressure companies already weakened by years of economic shocks. The increase comes despite broader global resilience and stands in contrast to Gulf economies, where…
The number of retail and hospitality business insolvencies declined throughout 2025 as the overall number of company closures remained steady, new data from professional services firm PwC shows. The latest PwC Insolvency Barometer shows the number of insolvencies recorded in 2025 hit 848 which is down from the 868 recorded in 2024. However, it is…
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An Australian travel start-up which helped people perform the difficult task of purchasing an international train ticket has gone out of business. Metro 1 Travel and Technology Pty Ltd which ran little-known train booking platform ‘Rail Online’ has gone under with $2.7million in debt. Administrators put the company into liquidation on New Year’s Eve while…
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