Bankruptcy cases involving entrepreneurs drop to 5,695 last year | TheStarTV.com

Bankruptcy cases involving entrepreneurs drop to 5,695 last year

Published on 28 Mar 2023 10:04:50 PM

The number of bankruptcy cases involving entrepreneurs dropped to 5,695 last year compared to 6,554 in 2021, said Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick in the Dewan Rakyat on Tuesday.

He said this was following the amendment to paragraph 5(1)(a) of the Insolvency Act 1967 (Act 360) through the Insolvency (Amendment) Act 2020 (Act A1624), which raised the bankruptcy threshold to RM100,000.

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Keywords
news, business, economy, bankruptcy, entrepreneurs, ewon benedick, parliament, dewan rakyat, act 360, akpk

The number of bankruptcy cases involving entrepreneurs dropped to 5,695 last year compared to 6,554 in 2021, said Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick in the Dewan Rakyat on Tuesday.

He said this was following the amendment to paragraph 5(1)(a) of the Insolvency Act 1967 (Act 360) through the Insolvency (Amendment) Act 2020 (Act A1624), which raised the bankruptcy threshold to RM100,000.

Read more at https://bit.ly/3TROI1x

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
news, business, economy, bankruptcy, entrepreneurs, ewon benedick, parliament, dewan rakyat, act 360, akpk

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