Professional services shore up staffing as insolvency cases loom amid virus outbreak
The move also comes amid a broader pre-Covid-19 push for Singapore to be Asia's debt restructuring hub
Singapore
AS MORE businesses buckle under strain amid the virus outbreak, some firms in the professional services are boosting their restructuring and insolvency (R&I) practice with more aggressive hiring.
Firms offering legal, auditing and consulting services told The Business Times that they have seen a spike in queries relating to R&I in recent months, and are looking at hiring more to deal with cases of businesses winding up.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Yen tumbles to 34-year low; US dollar gains after inflation data
Fed repricing gives rise to new equities playbook in Asia
Dasin Retail Trust’s creditor to repossess director’s properties over loan default
Is Jurong Island’s carbon test bed too small and conservative? A*Star institute head thinks not
Tech rally propels emerging stocks to best week since July
Bank of Singapore takes action against employees for misusing medical benefits