Indonesia’s collapsed textile giant Sritex faces delisting as former executive named suspect in bank loan scandal

[JAKARTA] Indonesia’s collapsed textile giant Sri Rejeki Isman (Sritex) is facing potential delisting from the Indonesia Stock Exchange (IDX) after the Attorney General’s Office (AGO) named a former executive as a suspect in a corruption case involving the alleged misuse of bank loan facilities. IDX director I Gede Nyoman Yetna said on Thursday (May 22)…

Construction insolvencies hit tipping point

In April 2025, the number of registered company insolvencies in England and Wales was 2,053, 3% higher than in March 2025 (1,996) but 5% lower than April 2024 (2,163) with the construction industry experiencing the highest number of insolvencies in the 12 months to March 2025 at 4,111, making up 17% of all industry cases.  James…

Troubled AI Unicorn Builder.ai To File For Bankruptcy

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