Short position - Restructuring blues, more withdrawals

THE option to withdraw cash from accounts was once again granted to Employees Provident Fund (EPF) members. They can withdraw up to a RM10,000 and in a lump sump.

Restructuring blues

JUST like in the past financial turmoils, some large corporations are attempting to save themselves from going under by embarking on major restructurings. These companies suffered from the effects of the Covid-19 pandemic, coupled with problems brought about by supply chain bottlenecks, inflation and a general economic malaise.

The two recent announcements of such restructurings included those by AirAsia X Bhd and Sapura Energy Bhd.