Singapore court approves winding up of oil trader Hin Leong-sources Selasa, 09 Maret 2021 / 07:45 WIB Sumber:
KONTAN.CO.ID -
SINGAPORE. Singapore s High Court on Monday approved an application to wind up collapsed oil trading firm Hin Leong Trading Pte Ltd, marking the end of what was once one of Asia s top oil traders, three sources familiar with the matter said.
Hin Leong, owned by Singaporean tycoon Lim Oon Kuin and his children, racked up some $4 billion in debt and entered court restructuring nearly a year ago.
The company had been seeking to restructure its debts after the oil price crash last year when Lim admitted in a court document to directing the firm not to disclose hundreds of millions of dollars in losses over several years.
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Indonesia s Q4 GDP shrinks more than expected, economy down 2.1% in 2020 Jumat, 05 Februari 2021 / 10:51 WIB
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JAKARTA. Indonesia s gross domestic product fell slightly more than expected in the fourth quarter, tipping Southeast Asia s largest economy into its first full-year contraction in over two decades in 2020 as it grappled with the hit from the COVID-19 pandemic.
GDP shrank 2.19% on an annual basis in October-December, data released by the statistics bureau on Friday showed, faster than the 2% contraction expected in a Reuters poll, but improving from the 3.49% slump in the previous quarter.
Indonesia s main stock index erased its earlier gain after the data was released, having traded up as much as 0.7% before the announcement.