The Business Times
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Bankruptcy

International

Thailand may seek Thaksin bankruptcy over 17.6 billion baht tax debt

The framework will cover debt restructuring at an operating subsidiary level, which involves the refinancing and restructuring of Del Monte Philippines’ existing credit facilities.
Companies & Markets

Del Monte Pacific submits US$1.2 billion restructuring plan after US unit’s bankruptcy

Spirit also plans to move ahead with expedited sales of aircraft and equipment, with the flexibility to abandon some property and let the lenders and lessors reclaim it.
Transport & Logistics

Spirit Airlines lawyer says high jet fuel prices left carrier no alternative but to shut down

DBS filed the bankruptcy application after serving statutory demands to the directors of Autobahn Rent A Car in December 2025.
Singapore

Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS

The balance between such downside risks to growth and mounting inflationary pressure will be key to the BOJ’s decision at its next policy meeting on Apr 27 to 28.
International

Japan business mood worsens, bankruptcies seen rising as Iran war lifts costs

A Twelve Cupcakes outlet at Chinatown Point seen on Oct 30, 2025.
Singapore

Twelve Cupcakes staff to recover part of unpaid salaries from end-March: F&B union

Despite a backdrop of high-profile closures, such as that of Twelve Cupcakes, F&B services had only the fifth-most cessations in 2025 among industries.
Economy & Policy

Compulsory winding-up applications rise to 15-year high in 2025

The US government said in a Tuesday court filing that the iRobot sale might be subject to a review.
Companies & Markets

Roomba maker’s sale to Chinese manufacturer approved by US bankruptcy judge

The bankruptcy is a watershed moment for Saks, which traces its roots back more than 150 years.
Consumer & Healthcare

Luxury retailer Saks Global files for bankruptcy after turnaround fails

Jannie Chan (above) and others could have shed some light on certain disputed issues had they been cross-examined and asked to give evidence, note judges.
Singapore

Hour Glass co-founder Jannie Chan’s S$18.9 million debt dispute sent to trial

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