New lifelines for distressed companies
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CORPORATE defaults and insolvencies are ratcheting up as the Covid-19 crisis continues to hurt companies across the business spectrum. Singapore's new insolvency laws, amalgamated in the Insolvency, Restructuring and Dissolution Act (IRDA) that came into force just a fortnight ago, could not have come at a better time.
Focused on better facilitation of debt restructuring, the reformed regulations also act to discourage winding up, giving distressed companies a better shot at being rescued. In Brunch this Saturday in The Business Times Weekend, we break down the new Act and its implications.
How buildings are designed - and run - is set to change, with the pandemic bringing new standards for how we live, work and play. Visal Leng, Asia-Pacific president for building solutions company Johnson Controls, tells The Raffles Conversation how.
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