Creditors have been able to recover nearly half their claims under the Insolvency and Bankruptcy Code (IBC) when the resolution has been completed within the 330-day deadline, but delays lowered the proportion of money they got back, The Economic Times reported. Creditors recovered as much as 49% of claims when the IBC process was finished on time, but this dropped to 26% when it took 600 days or more, according to Insolvency and Bankruptcy Board of India (IBBI) data. The IBC was introduced eight years ago, in May 2016.

China’s property slump has weighed heavily on land sales, drying up a key source of revenue for local governments. Now, authorities are looking at an unconventional way to fill up their coffers: data monetization, The Wall Street Journal reported. The protracted property downturn has hit local governments hard, with many struggling under huge piles of debt. What they also have a lot of is data, such as traffic figures showing how many cars are on the roads and in parking lots.

The Vanuatu government is currently working with liquidators to work out a plan in which the remote South Pacific nation would not be left without an airline after its flagship carrier Air Vanuatu amassed large debts and had to suddenly declare bankruptcy, The Street reported. Travelers looking to get home were left stranded after the airline suddenly canceled all international flights off the island.

Taiwan expects to triple its economic growth rate this year as strong demand for new technology such as artificial intelligence boosts the island’s exports, The Wall Street Journal reported. The economy expanded at a rapid 6.56% in the first three months of the year, outpacing most of its peers, according to official data. That was up from the 6.51% growth estimated in April. Thursday’s release confirmed that Taiwan’s economy is off to a strong start this year, as economists had widely expected.

Foreigners pulled money out of their emerging market portfolios in April on concerns of a tighter monetary policy path in the U.S., with outflows from stocks in India and Indonesia leading the way, data from a banking trade group showed, Reuters reported. The Institute of International Finance data showed net non-resident portfolio flows for April came in at -$0.7 billion, the first monthly outflow since October. The figure compares with net inflows of $30.2 billion in March and a $16.3 billion inflow in April 2023, the IIF data show.