The Business Times

Debt restructuring

Companies & Markets

The Projector owes S$1.2 million to creditors; Golden Mile cinema put up for rent

Anticipate Pictures said while the screening of two of its 15 new titles will proceed as planned, "everything else is up in the air".
Companies & Markets

The Projector’s closure leaves film distributor scrambling for new screening venues

Margins have plunged for petrochemical companies in South Korea and across the globe due to an oversupply of products caused by relentless capacity additions in the last decade, particularly in China, the biggest petrochemical market.
Energy & Commodities

South Korea to announce plan to restructure petrochemical sector facing ‘grave’ situation

The headquarters of Chinese developer Fantasia Holdings in Shenzhen, Guangdong province. The company has been working on the latest plan, which would enable it to deleverage further, with a key group of creditors.
Property

Chinese builder Fantasia to unveil new restructuring plan

Nissan faces some 700 billion yen in debt coming due this financial year.
Companies & Markets

Nissan seeks to delay supplier payments to free up cash, company emails show

China’s total public and publicly guaranteed lending to low and middle-income countries totals US$911 billion, said the report by AidData, the Kiel Institute for the World Economy and Georgetown University, together with other partners.
Global Enterprise

China’s collateral demands curbing emerging countries’ ability to manage finances: study

In May, Nissan Motor CEO Ivan Espinosa vowed to eliminate 20,000 jobs and shutter seven of its 17 manufacturing sites after posting one of its biggest annual losses since French carmaker Renault SA saved it from bankruptcy more than a quarter century ago.
Companies & Markets

Nissan’s new CEO faces investor grilling over job cuts, losses and mounting debt

The airline is currently benefiting from a post-pandemic travel boom, which has boosted its earnings and cash flow.
ASEAN Business

Thai Airways exits debt restructuring plan with court approval

The IMF’s latest Fiscal Monitor projected that global public debt will grow 2.8 percentage points to 95.1 per cent of global GDP in 2025, reaching 99.6 per cent of global GDP by 2030.
International

Global roundtable sees rising debt risks for low-income countries as uncertainty mounts

Distressed Chinese developer Country Garden is now in a restructuring process that aims to cut its US$16.4 billion of offshore debt by 70 per cent.
Property

China’s Country Garden secures support from some creditors for offshore debt overhaul

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