![Court rejects Najib and son's bid to stay bankruptcy proceedings Court rejects Najib and son's bid to stay bankruptcy proceedings](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-06/71717571491_NajibTunRazak.jpg)
Court rejects Najib and son's bid to stay bankruptcy proceedings
Today's decision was to stay the bankruptcy proceedings to allow the Special Commissioners of Income Tax (SCIT) hearing to go on first.
Mon Jul 29 2024
![142,510 bankrupt cases given discharge so far, exceeding initial target of 130,000 cases - PM 142,510 bankrupt cases given discharge so far, exceeding initial target of 130,000 cases - PM](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/41721901077_AnwarIbrahim.jpg)
142,510 bankrupt cases given discharge so far, exceeding initial target of 130,000 cases - PM
The policy is extended to bankrupts to provide them the opportunity to return to contribute to the national economy and live a new life.
Thu Jul 25 2024
AWANI Review: WeWork’s Fallout: A reflection or anomaly in co-working demand?
WeWork's bankruptcy filing shouldn't be misinterpreted as a broader industry downturn. Local operators Stephanie Ping and Andrew Yeow of WORQ say that as offices continue to pivot towards flexible working, so too does the demand for co-working space.
Sat Nov 25 2023
![Ex-crypto mogul Sam Bankman-Fried convicted of multi-billion dollar FTX fraud Ex-crypto mogul Sam Bankman-Fried convicted of multi-billion dollar FTX fraud](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-11/81699010310_SamBankmanFried.jpg)
Ex-crypto mogul Sam Bankman-Fried convicted of multi-billion dollar FTX fraud
Sam Bankman-Fried was found guilty of stealing from customers of his now-bankrupt cryptocurrency exchange.
Fri Nov 03 2023
![Light at end of tunnel for insolvents under amended Act Light at end of tunnel for insolvents under amended Act](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2016-06/51465561680_PensionGeneric.jpg)
Light at end of tunnel for insolvents under amended Act
The main amendment, helps bankrupts be released from insolvency within three to five years from the time they submit their statements.
Fri Oct 20 2023
![Budget 2024: Second chance policy on bankruptcy expanded - PM Budget 2024: Second chance policy on bankruptcy expanded - PM](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-10/61697191720_TBAnwarIbrahimPar.jpg)
Budget 2024: Second chance policy on bankruptcy expanded - PM
Datuk Seri Anwar Ibrahim said as of July this year, almost 14,000 cases with small debts of below RM50,000 discharged from bankruptcy.
Fri Oct 13 2023
![31,140 youth under 35 declared bankrupt since 2014 - Ramkarpal 31,140 youth under 35 declared bankrupt since 2014 - Ramkarpal](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-06/81687759107_RamkarpalSingh.jpg)
31,140 youth under 35 declared bankrupt since 2014 - Ramkarpal
The govt has implemented several initiatives including bankruptcy discharge for those declared bankrupt for debts below RM50,000.
Mon Jun 26 2023
![1MDB, subsidiaries get leave to continue lawsuit against Jho Low's associate 1MDB, subsidiaries get leave to continue lawsuit against Jho Low's associate](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-10/61665398947_MDB.jpg)
1MDB, subsidiaries get leave to continue lawsuit against Jho Low's associate
Lawyer Siva Kumar said 1MDB's application to continue the lawsuit against Eric Tan Kim Loong could continue even if he is declared bankrupt.
Wed Jun 07 2023
![Budget 2023: Tax incentives for ACE, LEAP listings to catalyse entrepreneurship Budget 2023: Tax incentives for ACE, LEAP listings to catalyse entrepreneurship](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-01/51643195949_TBRHB.jpg)
Budget 2023: Tax incentives for ACE, LEAP listings to catalyse entrepreneurship
The Budget 2023 commits to fiscal consolidation with further reduction in budget deficit to GDP ratio to 5% this year and to 3.2% by 2025.
Fri Feb 24 2023
![Cuepacs proposes extending maximum loan tenure to prevent bankruptcies Cuepacs proposes extending maximum loan tenure to prevent bankruptcies](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-02/51675493958_AdnanMat.jpg)
Cuepacs proposes extending maximum loan tenure to prevent bankruptcies
The Finance Ministry and Bank Negara have been urged to look into extending the maximum loan tenure to increase disposable income and prevent bankruptcy.
Sat Feb 04 2023
![Twitter won't go bankrupt anytime soon, says Elon Musk Twitter won't go bankrupt anytime soon, says Elon Musk](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-12/61671421429_ElonMusk.jpg)
Twitter won't go bankrupt anytime soon, says Elon Musk
Twitter head Elon Musk has confirmed that the social media platform is no longer "in the fast lane to bankruptcy" reported dpa.
Tue Dec 27 2022
![Musk warns of Twitter bankruptcy as more senior executives quit Musk warns of Twitter bankruptcy as more senior executives quit](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-11/41668130883_ElonMusk.jpg)
Musk warns of Twitter bankruptcy as more senior executives quit
In his first meeting with all employees at Twitter, Musk warned that the company may lose billions of dollars next year.
Fri Nov 11 2022
![Jamal denies being issued bankruptcy order, says eligible to contest in GE15 Jamal denies being issued bankruptcy order, says eligible to contest in GE15](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-11/41667603752_JamalMdYunos.jpg)
Jamal denies being issued bankruptcy order, says eligible to contest in GE15
Sungai Besar BN candidate Jamal Md Yunos has denied being issued a bankruptcy order that could disqualify him from contesting in the GE15.
Fri Nov 04 2022
![No need for IMF loan, Malaysia is not bankrupt - Tengku Zafrul No need for IMF loan, Malaysia is not bankrupt - Tengku Zafrul](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-02/81644940066_TBTENGKUZAFRUL.jpg)
No need for IMF loan, Malaysia is not bankrupt - Tengku Zafrul
Tengku Zafrul has asserted that the IMF never stated that Malaysia has economic problems that will cause the country to go bankrupt.
Wed Sep 14 2022
![Insolvency Dept submits proposal to improve Act 360 - Wan Junaidi Insolvency Dept submits proposal to improve Act 360 - Wan Junaidi](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-08/41660655625_TBWANJUNAIDI.jpg)
Insolvency Dept submits proposal to improve Act 360 - Wan Junaidi
Amendment to Act 360 in regard to automatic discharge from bankruptcy after three years is among the proposals submitted to the government.
Fri Aug 26 2022