SHAH ALAM: Investigations into a Selangor state assemblyman who was allegedly declared bankrupt are still under way, with Speaker Lau Weng San withholding further comment until a full probe is concluded. “The investigation will involve all parties, all constituencies and all other relevant aspects,” Lau said, adding that he had yet to confirm the identity…
While airlines are currently struggling with the spike in jet fuel prices caused by the war in Iran, the situation is often even more dire for travel agencies and companies selling various package holidays and organized tours. The string of family-owned travel agency collapses has been particularly prominent in the United Kingdom in recent months.…
Less than three years after acquiring Birla Tyres through the insolvency process, Himadri Speciality Chemical is aiming to build the once-defunct tyre maker into a ₹3,000-crore business, banking on premium products, exports and electric vehicle (EV) tyres to drive its turnaround. The ambitious target comes after Birla Tyres generated ₹187 crore in revenue in FY26,…
The number of UK businesses entering insolvency-related processes fell in the second quarter of 2026, but a decline in new company registrations suggests business confidence remains subdued, according to R3 analysis. R3’s latest Quarterly Business Health report, based on data from Creditsafe found there were 6,854 insolvency-related activities in Q2 2026, down 6% compared to…
Mumbai: The curtains have come down on business as usual for TV Vision Limited after the National Company Law Tribunal admitted an insolvency petition filed by Punjab National Bank, setting the broadcaster on the path to the Corporate Insolvency Resolution Process (CIRP). The Mumbai Bench of the NCLT admitted the lender’s application under Section 7…
KUALA LUMPUR, Aug 3 — The Selangor state assembly is expected to clarify this week whether an unnamed assemblyman has lost his seat after reportedly being declared bankrupt, Utusan Malaysia reported. Selangor Menteri Besar Datuk Seri Amirudin Shari said the matter would be determined by the state assembly Speaker, Lau Weng San, before the Election…
KUALA LUMPUR, Aug 3 — The Selangor state assembly is expected to clarify this week whether an unnamed assemblyman has lost his seat after reportedly being declared bankrupt, Utusan Malaysia reported. Selangor Menteri Besar Datuk Seri Amirudin Shari said the matter would be determined by the state assembly Speaker, Lau Weng San, before the Election…
KUALA LUMPUR, Aug 3 — The Selangor state assembly is expected to clarify this week whether an unnamed assemblyman has lost his seat after reportedly being declared bankrupt, Utusan Malaysia reported. Selangor Menteri Besar Datuk Seri Amirudin Shari said the matter would be determined by the state assembly Speaker, Lau Weng San, before the Election…
The descendant of a once-leading tire and rubber company, Uniroyal Holding Inc., is winding up its operations, and its iconic brand name will soon disappear as a functioning entity. Uniroyal Holding Inc., which was a subsidiary of the former Uniroyal tire company, filed for Chapter 11 bankruptcy protection to satisfy all personal injury and wrongful…
Corporate Travel Management faces a blowout in the amount of money it will be forced to repay to overcharged customers as clients including the New Zealand government are still assessing the extent of the problem. Those reviews remain under way despite Corporate Travel, one of the country’s biggest travel management businesses, having less than a…