This update looks at some of the key amendments which was introduced with the Insolvency, Restructuring and Dissolution (Amendment) Bill as part of the Ministry of Law’s efforts to bolster Singapore’s insolvency framework and support for financially distressed companies.

This update examines the recent decision of Exterian Capital Pte Ltd v Wong Jun Jie Adrian and another [2024] SGHC 254 which sets out how principles of committal are applied to an individual who has continuously and flagrantly disregarded court orders, and given the rare judicial imposition of a temporary suspension of jail term to ensure compliance.

Effective: 16 January 2025

Thailand’s business community has called for a comprehensive set of government measures to stimulate the economy, address household debt, and support local industries.

Thailand has reported a 20% decline in low-quality imports, primarily from China, following the implementation of stricter regulations and inspections earlier this year.

Online marketplace Carousell announced the termination of 76 employees across its regional offices, including its Singapore branch, on Dec 6, representing 7% of its workforce.

Prime Minister Paetongtarn Shinawatra has ruled out increasing Thailand's value-added tax to 15%, following widespread criticism of the proposal.