Jakarta – Powder supplier, Johnson & Johnson (JNJ.N) filed for bankruptcy. This is in the aftermath of tens of thousands of lawsuits against the company over other products condemned as causing cancer. Quoted from Reuters, Friday (10/15/2021) In filing for bankruptcy, J&J plans to revamp the company. There are two choices, firstly by merger and … Read more
Jakarta, CNBC Indonesia – A series of property company bankruptcies began to hit China. After the bankruptcy experienced by the Evergrande group, this time indications of bankruptcy have also begun to emerge from other property companies. Monday (4/10/2021), Fantasia Holdings reportedly failed to pay its obligations worth US$ 205.7 million or equivalent to Rp 2.9 … Read more
The young woman was often compared to Steve Jobs, the founder of Apple due to the way she dressed for conferences (black blouses around her neck), but also for the fast ascent. Her company, Theranos, was supposed to revolutionize blood testing labs, but it turned out to be a scam. Witness hearings in San Jose … Read more
Jakarta, CNN Indonesia — Philippine Airlines, Philippine Airlines (PAL) filed for bankruptcy in United States of America (USA) to cut debt by US$2 billion or around Rp. 28.5 trillion (assuming an exchange rate of Rp. 14,262 per US dollar). This action was taken because the airline was trying to defend a company that was hit … Read more
Jakarta – Italian airline Alitalia has announced that it will be shutting down all flights for good starting October 15, 2021. This is because its business is no longer able to withstand the effects of the COVID-19 pandemic. Prior to the COVID-19 pandemic, Alitalia had struggled to find investors to save herself from bankruptcy. Unfortunately … Read more
TEMPO.CO, Jakarta – Textile producer, PT Pan Brothers Tbk, questioned the steps taken by PT Bank Maybank Indonesia Tbk, which again filed an application for bankruptcy to Pan Brothers on August 2, 2021. The application was submitted after the application for Suspension of Debt Payment Obligations (PKPU) against Pan Brothers was rejected by a panel … Read more
TEMPO.CO, Jakarta – PT Pan Brothers Tbk. again received a lawsuit from PT Bank Maybank Indonesia Tbk. Bank Maybank this time filed a bankruptcy petition against the textile issuer codenamed PBRX. “Including most of our creditors who have supported us throughout the restructuring process,” Pan Brothers management wrote, Thursday, August 5, 2021. Currently, Pan Brothers . … Read more
Jakarta, CNN Indonesia — circle entrepreneur assessing the Enforcement of Restrictions on Community Activities (PPKM) micro emergency has the potential to add to the list of companies that are permanently closed aka bankrupt. In particular, the sector retail, hotels, and restaurants that depend on community mobility. Deputy Chairperson of the Indonesian Hotel and Restaurant Association … Read more
TEMPO.CO, Jakarta – Do you remember Kampoeng Kurma, fraudulent investment that was widely discussed at the end of 2019? Currently PT Kampoeng Kurma Jonggol has been officially declared bankrupt after the creditors rejected the peace plan proposal. What was the course of the case like in the first place? This investment fraud case began to … Read more
Jakarta, CNBC Indonesia – PT Tozy Sentosa, the manager of the Centro Department Store and Parkson Department Store was declared bankrupt. Previously, Tozy Sentosa was sued for postponement of debt payment obligations (PKPU) by his suppliers at the Central Jakarta District Court (PN Jakpus). The bankruptcy decision was generated after the voting results from creditors … Read more