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Bankruptcy law outdated


‘We will handle China deals with care’

EXCLUSIVE: KUALA LUMPUR: Business contracts with China that seemed tainted and lopsided will be dealt with in a diplomatic way as the Middle Kingdom is an important friend, says Tun Daim Zainuddin.

Ringgit expected to surge to 3.80 in near term

IPOH: The ringgit is expected to surge to 3.80 against the US dollar in the near term, Datuk Seri Najib Tun Razak said.

Naivete and peer pressure lead to bankruptcy

PETALING JAYA: Sabrina Abdul­lah (not her real name) was 27 and only wanted to help her father when she agreed to become a guarantor for a car loan a few years ago.

Young, carefree and broke

They are young and carefree to the point of being careless, and have expensive tastes. Branded handbags, holidays to exotic places, fancy cars and lavish weddings all lead them into huge debts. By the age of 30, they are bankrupt. Some as young as 25 are among the shocking 60% of the 94,400 people declared bankrupt in the last four years.

No excuses for bad decisions, says Chong

PETALING JAYA: Bad borrowing decisions cannot be used as an excuse when people fail to fulfil debt obligations in high price purchases, which can lead them to be declared bankrupt, says MCA Public Services and Complaints Department head Datuk Seri Michael Chong.

No relief from Bankruptcy Amendment Act

A letter from JUSTICE FOR BANKRUPTS, Kuala Lumpur.

Planes built for Russian airline may be next U.S. Air Force One

WASHINGTON (Reuters) - Facing pressure from President Donald Trump to cut the cost of new Air Force One aircraft, the U.S. Air Force is negotiating with Boeing to purchase two 747-8 jetliners that were built for a Russian airline that went bankrupt before they were delivered.

Trump is centre of attention in feisty first Republican debate

CLEVELAND (Reuters) - Donald Trump was the centre of attention at a testy first Republican presidential debate on Thursday, drawing boos from the crowd and a rebuke from a rival when he refused to rule out an independent White House bid and bristled at questions about his attitudes towards women.

Are Millennials saving enough for retirement?

ANOTHER Millennial myth may be biting the dust. Apparently, Millennials have better retirement saving habits than Baby Boomers.