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Malaysian CEO who managed thousands of riders now food deliveryman

Malaysian CEO who managed thousands of riders now food deliveryman

After earlier running a food delivery platform with 3,000 riders, Malaysia's Indera Aria Wee Jeeny is now delivering orders himself, having sold all his personal assets to pay staff as revenues plunged.
DNA testing firm 23andMe files for bankruptcy to sell itself, CEO leaves after failed bids

DNA testing firm 23andMe files for bankruptcy to sell itself, CEO leaves after failed bids

My sister lives lavishly while our parents face foreclosure after lending her land title to borrow over $39,000

My sister lives lavishly while our parents face foreclosure after lending her land title to borrow over $39,000

Crypto firm Terraform Labs files for bankruptcy in US after $40B crypto crash

Crypto firm Terraform Labs files for bankruptcy in US after $40B crypto crash

Terraform Labs, the cryptocurrency firm behind the Luna and TerraUSD tokens, which crashed and wiped out an estimated US$40 billion in 2022, has declared bankruptcy in the U.S.
January 23, 2024 | 05:00 pm PT
SoftBank's WeWork, once most valuable US startup, succumbs to bankruptcy

SoftBank's WeWork, once most valuable US startup, succumbs to bankruptcy

WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday, after its bets on companies using more of its office-sharing space soured.
November 6, 2023 | 07:44 pm PT
Bamboo Airways eschews rumors of bankruptcy

Bamboo Airways eschews rumors of bankruptcy

Bamboo Airways has assured the public that all operations and flights are continuing normally, denying recent rumors of bankruptcy.
July 14, 2023 | 07:36 am PT
Poultry producers warn about bankruptcy threat

Poultry producers warn about bankruptcy threat

The poultry industry has expressed fears of bankruptcy due to growing costs and increasing incidence of smuggling.
May 19, 2023 | 04:54 pm PT
Bed Bath & Beyond prepares for bankruptcy filing

Bed Bath & Beyond prepares for bankruptcy filing

Bed Bath & Beyond Inc is preparing to file for bankruptcy as early as this weekend, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
April 19, 2023 | 06:06 pm PT
Crypto platform Zipmex files for bankruptcy protection in Singapore

Crypto platform Zipmex files for bankruptcy protection in Singapore

Southeast Asia-focused cryptocurrency exchange Zipmex said it had filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies.
July 28, 2022 | 10:47 pm PT
Travel firms, hotels struggle with absence of Chinese tourists

Travel firms, hotels struggle with absence of Chinese tourists

Travel companies and hotels in Khanh Hoa and Quang Ninh provinces, which depend heavily on Chinese tourists, are worried that their absence could push them to bankruptcy.
April 20, 2022 | 04:44 pm PT
Carriers, tourism firms teeter on the brink

Carriers, tourism firms teeter on the brink

With aviation and tourism arguably the hardest hit sectors by the Covid-19 pandemic, Vietnamese carriers and tourism companies are struggling to survive.
June 16, 2021 | 06:36 pm PT
Vietnam textile firms struggle to collect dues from US buyers

Vietnam textile firms struggle to collect dues from US buyers

Vietnamese garment producers are struggling to recover monies owed by U.S. companies that have gone under.
May 12, 2021 | 09:06 pm PT
Number of new firms up 36 percent in May

Number of new firms up 36 percent in May

Vietnam registered 10,728 new enterprises in May, a 36 percent increase over the previous month, according to the General Statistics Office.
June 1, 2020 | 06:30 pm PT
74 pct of enterprises face bankruptcy should Covid-19 linger: survey

74 pct of enterprises face bankruptcy should Covid-19 linger: survey

If the Covid-19 epidemic lasts for over six months, 74 percent of firms in Vietnam would go bankrupt as revenues fail to cover operational expenses, a study found.
March 10, 2020 | 12:01 am PT
Vietnam state steel company faces bankruptcy

Vietnam state steel company faces bankruptcy

Saddled with debts it cannot repay, state-owned Thai Nguyen Iron and Steel Jsc is on the verge of bankruptcy.
April 7, 2019 | 11:52 pm PT
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