More companies are closing down due to the pandemic. GoBear, a Singapore-based startup that runs a financial products comparison platform, has also closed its doors, according to a report from startup news site, BEAMSTART. The company had previously raised a total of $97 million in venture capital financing, but quickly burned through its cash as market conditions worsened due to ...
Thai Airways may file for bankruptcy as the pandemic severely halts both domestic and international air travel in the country. Initial plans to rescue the 60 year old company via a 58.1 billion baht (US$1.81 billion) loan may not be happening, as the Thai government may decide to place the airline into bankruptcy as an option to enable its rehabilitation. “The ...