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Debt restructuring/Insolvency

Former Cathay cinema operator mm2 gets lifeline after High Court shields it from creditors for 4 months

The move will allow the company time and breathing space to work out a plan to repay its creditors, said Judicial Commissioner Mohamed Faizal in a written judgment.
The move will allow the company time and breathing space to work out a plan to repay its creditors, said Judicial Commissioner Mohamed Faizal in a written judgment.

DBS, OCBC and others owed $306m by S’pore car-sharing service Shariot and related firms

ST20251126_202526900461 Azmi Athni ntautobahn26//

Cars parked inside Autobahn Rent A Car office (centre) at Mountbatten on Nov 26, 2025. 

ST PHOTO: AZMI ATHNI
ST20251126_202526900461 Azmi Athni ntautobahn26//

Cars parked inside Autobahn Rent A Car office (centre) at Mountbatten on Nov 26, 2025. 

ST PHOTO: AZMI ATHNI

OCBC files bid to wind up consumer electronics trader TT International

The Big Box warehouse mall in Jurong East, as seen in 2018. Consumer electronics trader TT International previously held a majority stake in the failed mall.
The Big Box warehouse mall in Jurong East, as seen in 2018. Consumer electronics trader TT International previously held a majority stake in the failed mall.

S’pore car-sharing service Shariot and related firms potentially restructuring amid $180m debt

ST20251126_202526900461 Azmi Athni ntautobahn26//

Autobahn Rent A Car office at Mountbatten on Nov 26, 2025. 

ST PHOTO: AZMI ATHNI
ST20251126_202526900461 Azmi Athni ntautobahn26//

Autobahn Rent A Car office at Mountbatten on Nov 26, 2025. 

ST PHOTO: AZMI ATHNI

Bankruptcies in S’pore at 5-year high but many who go bust are getting a fresh start

Mr Joel Choy (left) declared bankruptcy in 2014 and was discharged from bankruptcy in 2021. His wife, Ms Tan, was his greatest pillar of strength during the time.
Mr Joel Choy (left) declared bankruptcy in 2014 and was discharged from bankruptcy in 2021. His wife, Ms Tan, was his greatest pillar of strength during the time.

Africa expert panel proposes a new G20 debt refinancing initiative

People walk in front a G20 banner, as the country prepares to host the G20 Summit on November 22-23, in Johannesburg, South Africa, November 18, 2025. REUTERS/Siphiwe Sibeko
People walk in front a G20 banner, as the country prepares to host the G20 Summit on November 22-23, in Johannesburg, South Africa, November 18, 2025. REUTERS/Siphiwe Sibeko

Venezuela bonds surge as US pressure intensifies on Maduro

Venezuela's President Nicolas Maduro, speaks on the day he meets with Caribbean parliamentarians from 14 countries to sign a peace agreement in the region, amid rising tensions with the United States, at Miraflores Palace in Caracas, Venezuela, October 31, 2025. Miraflores Palace/Handout via REUTERS
Venezuela's President Nicolas Maduro, speaks on the day he meets with Caribbean parliamentarians from 14 countries to sign a peace agreement in the region, amid rising tensions with the United States, at Miraflores Palace in Caracas, Venezuela, October 31, 2025. Miraflores Palace/Handout via REUTERS

UN road map seeks to crack $1.7 trillion climate finance puzzle

Brazilian President Luiz Inacio Lula da Silva speaks during an interview ahead of the COP30 Climate Summit in Belem, on Nov 4, 2025. PHOTO: EPA
Brazilian President Luiz Inacio Lula da Silva speaks during an interview ahead of the COP30 Climate Summit in Belem, on Nov 4, 2025. PHOTO: EPA

China’s property giants hobble towards end of debt restructurings

Eight of China’s 10 most indebted developers have largely if not entirely put the offshore restructuring process behind them.
Eight of China’s 10 most indebted developers have largely if not entirely put the offshore restructuring process behind them.

Groups blast lack of progress on debt issues during South Africa’s G-20 presidency

South African President Cyril Ramaphosa speaks to members of the media on the sidelines of the meeting of the G20 foreign ministers, which is hosted by South Africa under the theme \"Solidarity, Equality and Sustainability\", at the NASREC conference centre in Johannesburg, South Africa, February 20, 2025. REUTERS/Siphiwe Sibeko
South African President Cyril Ramaphosa speaks to members of the media on the sidelines of the meeting of the G20 foreign ministers, which is hosted by South Africa under the theme \"Solidarity, Equality and Sustainability\", at the NASREC conference centre in Johannesburg, South Africa, February 20, 2025. REUTERS/Siphiwe Sibeko

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2025 SPH Media Limited. All rights reserved.