Distress

Distressed debt: Why India must make friends with the vultures

Sitting on a half a trillion dollars of non-performing assets, India’s desire to lift growth should be enough to allow foreign investors to fully tap the country’s distressed debt market. However, there are two major impediments to change.
January 16, 2020

Expect more Hong Kong privatisations in 2020

Amid the implementation of new trading rules and access to cheaper financing, increasing numbers of public companies in Hong Kong are choosing to delist or privatise even as bourse rules allow unprofitable companies to go public.
January 15, 2020

Credit risks hang over Hainan Airlines

After its defaults last year, creditors could call in $12 billion of debt from Hainan Airlines, the prize asset of Chinese conglomerate HNA Group.
June 12, 2019

Why investing in Indian airlines is a bad idea

Although New Delhi ended the state monopoly two decades ago, it has not created a level playing field for private carriers in the aviation industry. Unless that changes, the industry could continue to struggle.
May 03, 2019

Hyflux tries to work out survival plan

Hyflux faces fresh potential claims over its plant in Algeria, while the Singapore state utility board and Maybank are taking over its Singapore plant.
April 23, 2019