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More companies in Asia, including S’pore, headed for bankruptcy and restructuring

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This comes as inflationary pressures dent corporate profits and cashflow, and maturing credits need to be refinanced at higher interest rates. Read more at straitstimes.com.

A report from global consultants AlixPartners noted that Asia’s restructuring market is expected to heat up over the rest of this year and into 2024.

SINGAPORE – Persistently high interest rates are putting stress on corporate balance sheets and leaving increasing numbers of firms here and across the region at risk of bankruptcy, according to a new report and experts.Easy access any time via ST app on 1 mobile deviceResend verification e-mail

 

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