Technical Working Group on Business Insolvency

(TWGBI)

About

 

Technical Working Group (TWG) on Business Insolvency typically consists of experts who collaborate to tackle various aspects of business insolvency. This could include legal professionals, economists, financial analysts, and industry specialists. The TWG focuses on understanding and addressing the challenges faced by businesses experiencing financial distress or insolvency. They work towards developing effective strategies, frameworks, and recommendations to mitigate the impact of insolvency on both businesses and the economy.

These experts delve into bankruptcy laws, debt restructuring, liquidation processes, and potential solutions to help struggling businesses recover and thrive. By examining case studies, analyzing market trends, and considering international best practices, the TWG aims to provide comprehensive insights and actionable strategies to support businesses in times of financial difficulties.

Overall, the TWG on business insolvency plays a vital role in shaping policies, regulations, and frameworks that promote economic stability, protect creditors' rights, and foster an environment conducive to business rescue and recovery. 

Improvement Projects

  • Shifting rising of food costs to the technology

    The fluctuation in the prices of food is a market norm. The rise in food prices was induced by the rise in prices of inputs such as petrol & diesal, fertilisers, chemicals, land, labour and machinery. Although the government protects the prices of petrol and diesel, the price of fertilisers had risen by 70 per cent within the last two years and wages had also gone up.

    Benchmark from the neighborhood countries such as Taiwan, Korea and Thailand, the most possible solution to tackle the rising of food cost was technology. Technology can help in terms of cost effectiveness, productivity, and high added value.

  • Making Industry Accountable for Productivity

    The economic sectors mainly comprise a high number of small players.

    Therefore, the market is highly fragmented, and individual enterprises lack economies of scale to deliver high value-added products and services.

    The government provide incentives to enterprises to upgrade themselves, but these incentives do not necessarily function as levers to boost productivity

Co-chairs of TWG on Business Insolvency (2026-)

  • Dato' Ishak bin Bakri

    Dato' Ishak bin Bakri

    Ketua Pengarah Insolvensi

    The Malaysian Insolvency Department (MdI)

  • Mr. Nursyahrin Hamidon

    Mr. Nursyahrin Hamidon

    President

    Malay Chamber of Commerce Malaysia (DPMM)

Members of TWG on Business Insolvency

  • Ministry of Transport

    Ministry of Transport

    MOT

  • The Malaysian Insolvency Department (MdI)

    The Malaysian Insolvency Department (MdI)

    MdI

  • Legal Affairs Division, Prime Minister's Department

    Legal Affairs Division, Prime Minister's Department

    BHEUU

  • Companies Commission of Malaysia

    Companies Commission of Malaysia

    SSM

  • Office of the Chief Registrar of The Federal Court of Malaysia

    Office of the Chief Registrar of The Federal Court of Malaysia

  • Department of Statistics Malaysia

    Department of Statistics Malaysia

    DOSM

  • Inland Revenue Board of Malaysia

    Inland Revenue Board of Malaysia

    LHDN

  • The Credit Counselling and Debt Management Agency

    The Credit Counselling and Debt Management Agency

    AKPK

  • Registrar Office of Credit Reporting Agencies

    Registrar Office of Credit Reporting Agencies

    PPAPK

  • Malay Chamber of Commerce Malaysia (DPMM)

    Malay Chamber of Commerce Malaysia (DPMM)

    DPMM

  • Insolvency Practitioners Association of Malaysia

    Insolvency Practitioners Association of Malaysia

    iPAM

  • Malaysian Association of Tax Accountants

    Malaysian Association of Tax Accountants

    MATA