Malaysia Airlines could be forced to shut down if a restructuring plan fails to gain support, the airline’s boss has said. Group chief executive officer Izham Ismail told Asian business news weekly The Edge that there would be “no choice but to shut it down” if lessors decided not to back the plan. Mr Izham…
–A +A KUALA LUMPUR (Sept 10): A total of 945 people, aged between 18 and 35 years, were declared bankrupt between January and July this year, said Deputy Minister in the Prime Minister’s Department, Datuk Shabudin Yahaya. He said that according to the Malaysian Insolvency Department (Mdl), more than 100 bankruptcy cases were recorded involving…
by Marlon Madden A top official of the World Bank has poured cold water on any hopes of Barbados getting debt relief from lending partners. World Bank Chief Economist for Latin America and the Caribbean Martin Rama said countries in the Caribbean should not count on getting any debt relief and should therefore look seriously…