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More companies in Asia, including S’pore, headed for bankruptcy and restructuring
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A report from global consultants AlixPartners noted that Asia’s restructuring market is expected to heat up over the rest of this year and into 2024.
ST PHOTO: SHINTARO TAY
SINGAPORE – Persistently high interest rates are putting stress on corporate balance sheets and leaving increasing numbers of firms here and across the region at risk of bankruptcy, according to a new report and experts.
The report noted that high interest rates have created an unfavourable borrowing environment, operational challenges and dented consumer spending.
