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Today's Headlines Bankruptcy

  • Restart for Indonesia's Herbal Medicine Company Nyonya Meneer?

    Many Indonesians were surprised to learn that well-known herbal medicine brand Nyonya Meneer is close to bankruptcy. Nyonya Meneer is one of the oldest companies in Indonesia, going back far into colonial times, and has strong brand awareness among Indonesians. However, there may come a restart as businessman (and former trade minister) Rachmat Gobel seems committed to save the company.

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  • Coal Mining News: Peabody Energy Files for Chapter 11 Bankruptcy

    The world's number one privately-owned coal producer, US-based Peabody Energy Corp, filed for bankruptcy protection on Wednesday (13/04) after its debt burden became too high amid recent expansion efforts, a cancelled asset sale, and slumping coal prices. All of the miner's offices and mines will continue operations as usual during the bankruptcy process. The case of Peabody Energy is one of the world's largest ever bankruptcy cases in the commodities sector. Trading of Peabody Energy's shares has been suspended immediately.

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  • More Air Traffic Between Indonesia and Singapore Agreed Upon

    Several Indonesian media reported that a deal has been reached between the governments of Singapore and Indonesia that will foresee in an increase of flights (accompanied by a lowering in fares) between Singapore and several big cities in Indonesia (including Jakarta, Surabaya and Medan). The route Jakarta-Singapore is one of the busiest airline routes in Asia, mainly due to business traffic because of (growing) trade and investments flows between the two countries.

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