Daily Archives: May 24, 2023

More flexibility needed in discharging bankrupts, says Muhyiddin – The Star Online

BankruptcyBy Insolvency Advisory Accountants May 24, 2023

KUALA LUMPUR: There should be more flexibility in conditional discharges offered to those who have been declared bankrupt, says Tan Sri Muhyiddin Yassin (PN-Pagoh). In his debate speech on amendments to the Insolvency Act 1967 in the Dewan Rakyat on Wednesday (May 24), he said certain conditions could be put in place to allow them…

Webjet beats expectations with $150 million turnaround – The West Australian

RestructuringBy Insolvency Advisory Accountants May 24, 2023

Derek RoseAAP Webjet has delivered a $150 million turnaround as a restructuring of its business-to-business marketplace for the travel industry pays off. The online travel marketplace said on Wednesday it made $134.8 million in underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) in 2022/23, compared to a $15m underlying EBITDA loss the year before.…

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