bankruptcy | ABS-CBN News

ABS-CBN News
  • facebook
  • twitter
  • youtube
  • login
  • Home
  • News
  • Business
  • Entertainment
  • Life
  • Sports
  • Overseas
  • Spotlight
  • Weather
  • TV Patrol
  • TELERADYO
  • TFC
  • ANC
  • ANCX

Topic: bankruptcy

Shortages leave bankrupt Sri Lanka's hospitals empty

Shortages leave bankrupt Sri Lanka's hospitals empty

Parvaiz Bukhari, Agence France-Presse
Posted at Jul 26 12:08 PM

An unprecedented economic crisis has dealt a body blow to Sri Lanka's free and universal healthcare system. Read more »

Smart subs in Sri Lanka to get free data, SMS, calls

Smart subs in Sri Lanka to get free data, SMS, calls

ABS-CBN News
Posted at Jul 21 05:13 PM

Filipinos in Sri Lanka will get free access to data, SMS and calls from Smart to keep them connected with their loved ones during the time of crisis. Read more »

Sri Lanka: crisis timeline

Sri Lanka: crisis timeline

Agence France-Presse
Posted at Jul 13 01:36 PM

Sri Lanka is mired in a political and economic crisis, and on Wednesday, the country's president fled after protesters stormed his residence. Read more »

US urges Sri Lanka leaders to 'work quickly' to address 'discontent'

US urges Sri Lanka leaders to 'work quickly' to address 'discontent'

Agence France-Presse
Posted at Jul 10 10:20 AM

The United States on Sunday urged Sri Lankan leaders to act quickly to seek long-term solutions after the president was chased from his residence and announced his resignation. Read more »

Bankrupt Sri Lanka asks Putin for fuel, tourists

Bankrupt Sri Lanka asks Putin for fuel, tourists

Agence France-Presse
Posted at Jul 06 08:22 PM

Sri Lanka has asked Russia to provide fuel and resume tourist flights to help the country weather its unprecedented economic crisis. Read more »

'This is the reality': Sri Lanka admits bankruptcy

'This is the reality': Sri Lanka admits bankruptcy

Agence France-Presse
Posted at Jul 05 05:05 PM

"We are now participating in the negotiations as a bankrupt country," Wickremesinghe said. Read more »

Bankrupt Sri Lanka's inflation jumps beyond 50 pct

Bankrupt Sri Lanka's inflation jumps beyond 50 pct

Agence France-Presse
Posted at Jul 01 01:09 PM

Sri Lanka's inflation hit a 9th consecutive record in June, official data showed, after the IMF asked the bankrupt nation to rein in corruption. Read more »

Bankrupt Sri Lanka seeks discounted Russian oil

Bankrupt Sri Lanka seeks discounted Russian oil

Amal Jayasinghe, Agence France-Presse
Posted at Jun 27 10:27 AM

Cash-strapped Sri Lanka announced sending ministers to Russia and Qatar to secure cheap oil after government said it had all but run out of fuel. Read more »

Revlon files for bankrupcy

Revlon files for bankrupcy

Agence France-Presse
Posted at Jun 17 02:09 PM

US cosmetics giant Revlon has filed for bankruptcy after years of stiff competition from rivals focused on online sales and supply chain problems. Read more »

Philippine Airlines exits US bankruptcy

Philippine Airlines exits US bankruptcy

Agence France-Presse
Updated as of Jan 01 01:46 PM

PAL’s court-approved reorganization plan includes a $2 billion debt reduction and additional liquidity of $505 million from its main shareholder. Read more »

US court OKs PAL recovery plan after bankruptcy filing

US court OKs PAL recovery plan after bankruptcy filing

ABS-CBN News
Posted at Dec 18 11:18 AM

In a statement, PAL said this would allow them to move forward with their Chapter 11 process that they filed in September. Read more »

Pasay court recognizes PAL's US Chapter 11 filing

Pasay court recognizes PAL's US Chapter 11 filing

ABS-CBN News
Posted at Oct 29 09:08 AM

PAL Holdings Inc on Friday said a Pasay City court granted Philippine Airlines' petition for recognition of its Chapter 11 filing in the US. Read more »

Lucio Tan throwing $505 million lifeline to PAL

Lucio Tan throwing $505 million lifeline to PAL

ABS-CBN News
Updated as of Oct 27 06:33 PM

Tycoon Lucio Tan’s Buona Sorte Holdings will infuse $255 million in fresh capital into PAL, and extend the ailing airline a $250 million loan. Read more »

No 'Squid Game': South Korea's real-life debt trap

No 'Squid Game': South Korea's real-life debt trap

Cynthia Kim, Reuters
Posted at Oct 22 08:04 AM

Many small business owners in South Korea recognize themselves in the cash-strapped characters of the wildly popular Netflix drama 'Squid Game.' Read more »

PAL secures US court nod to access $505 million financing

PAL secures US court nod to access $505 million financing

ABS-CBN News
Posted at Oct 01 05:11 PM

Philippine Airlines has received a US court approval to access $505 million in debtor-in-possession financing, it said said Friday. Read more »

PAL bats for more international arrivals

PAL bats for more international arrivals

ABS-CBN News
Updated as of Sep 21 06:26 PM

PAL urged the government to relax the mandatory quarantine rules for fully vaccinated travelers and to remove the cap for international arrivals. Read more »

US bankruptcy court allows PAL $20 million loan

US bankruptcy court allows PAL $20 million loan

ABS-CBN News
Posted at Sep 13 04:16 PM

PAL was granted by a US Bankruptcy Court access to a $20 million loan facility amid its Chapter 11 filing, its operator PAL Holdings said Monday. Read more »

PAL says 'business as usual' after Chapter 11

PAL says 'business as usual' after Chapter 11

ABS-CBN News
Posted at Sep 06 02:37 PM

PAL, Asia’s oldest airline, said it is business as usual for the company's employees, customers, suppliers, commercial partners, and local communities. Read more »

PAL says undergoing 'restructuring' amid reports it would file for Chapter 11 in US

PAL says undergoing 'restructuring' amid reports it would file for Chapter 11 in US

ABS-CBN News
Updated as of May 11 11:19 PM

PAL said on Tuesday it is working on a comprehensive restructuring plan following reports that it is seeking court protection from creditors in the United States. Read more »

Japan's coronavirus-linked bankruptcies hit monthly record

Japan's coronavirus-linked bankruptcies hit monthly record

Kyodo News
Posted at Feb 26 09:53 PM

The number of coronavirus pandemic-induced corporate bankruptcies in Japan reached a monthly record of 126 in February, with the restaurant and apparel industries hardest hit, a survey by a credit research company showed Friday. Read more »

123 > Last
  • LATEST NEWS
  • MOST READ
  • Study warns of Antarctica ice sheet threat to sea rise

  • Boom Esports secure direct invite to The International

  • [OPINION] The mass media mirage

  • Facebook use plunges among US teens: survey

  • Comelec backs bill declaring vote-buying 'heinous crime'

  • WATCH: Playlist of Cherie Gil films now on YouTube

  • Kin of 'abducted' activists run to SC for protection

  • Lydia de Vega passes away after battle with cancer

  • PBA: Converge's Teng, Racal excited for Ayo reunion

  • Marcos rejects proposal to import 300,000 MT of sugar

  • PH shares post flat finish ahead of US inflation print release

  • DOJ: Decision on De Lima cases up to Muntinlupa court

  • THE DAY IN PHOTOS: August 10, 2022

  • Marcos camp rests case over ill-gotten wealth

  • World University Basketball: Ateneo downs Chengchi

© 2022 ABS-CBN Corporation. All Rights Reserved.

AboutCareersPrivacyTermsContact UsAdvertise With Us