New bill to ease hassle for small firms seeking to restructure or wind up

Tue, Oct 06, 2020 - 5:50 AM

Vivien Shiaovshiao@sph.com.sg@VivienShiaoBT

With these new initiatives, industry watchers are expecting more businesses to come forward, even as the government on Monday extended the debt moratorium deadline for ailing companies.

PHOTO: AFP

Singapore

WITH the number of financially distressed companies expected to rise as debt moratoriums wear off, the government is seeking to make it easier for micro and small enterprises to restructure their debts or wind up their business.

A bill will be introduced in Parliament...

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New bill to ease hassle for small firms seeking to restructure or wind up

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