New initiative for financially distressed companies in the works, says Azalina

KOTA TINGGI: The government is working on a new initiative to support companies facing financial distress following the recent success of the Second Chance Policy for individuals, says Datuk Seri Azalina Othman Said. The Minister in the Prime Minister's Department (Law and Institutional Reform) said that a national convention, expected to be held in early 2025,...

10-13& of new bankruptcy cases from 2021-2024 involve civil servants, says MDI DG

PUTRAJAYA: Between 2021 and 2024, civil servants accounted for approximately 10 to 13% of new bankruptcy cases, says the Malaysian Department of Insolvency (MDI) director-general Datuk M. Bakri Abd Majid. He expressed concern over the rising trend of bankruptcies among civil servants, noting that this increase contrasts with the overall decline in national bankruptcy statistics. Based on...

Ex TVB Actor Paul Che, Who Was Once Bankrupt, Could Not Afford To Pay For His Mum’s Funeral

After leaving TVB, Paul ventured into insurance where he racked up more than S$51.7K in credit card debt. Former TVB actor Paul Che has been enjoying a career renaissance after returning to the small screen as an acting coach on Chinese reality show Memories Beyond Horizon in 2022. Jobs have been streaming in for the 64-year-old and he was even invited to walk the runaway at Shanghai Fashion Week...