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BANGKOK (The Nation/ANN): Thai Airways (THAI) will have to dismiss more than 6,000 employees after entering a bankruptcy procedure and a debt moratorium of Bt200 billion, the government said on Thursday (May 21).
BANGKOK, May 19 (THE NATION/ANN) - The Cabinet today (May 19) approved the Transport Ministry's proposal that Thai Airways International (THAI) undergo rehabilitation under the Bankruptcy Act, said Prime Minister Prayut Chan-o-cha.
Provide a legal ‘shield’ to Covid-19 events. Time-freeze and temporarily suspend contractual convenants to avoid legal entanglements,
KUALA LUMPUR: The government has no intention to amend the provisions under Section 60 (1) of the Bankruptcy Act (Amendment) 2017 (Act 1534).
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.
BANGI: The Insolvency Department is working towards releasing at least 50,000 bankrupt individuals after amendments were passed by Parliament recently.
KOTA KINABALU: Sabah opposition leader Datuk Seri Lajim Ukin is set to be reinstated as Parti Harapan Rakyat Sabah president.