Filing for insolvency will soon be simpler and more cost-effective as Singapore moves to revamp and make permanent the Simplified Insolvency Programme (SIP), the Singapore Business Review reported. The government, through the Insolvency, Restructuring and Dissolution (Amendment) Bill, has put forward changes to the Simplified Debt Restructuring Programme (SDRP) and Simplified Winding Up Programme (SWUP) under the SIP.

The Australian government said on Tuesday it would provide up to A$80 million ($52.6 million) to airline Regional Express Holdings to keep its regional routes running during an extended voluntary administration process, Reuters reported. Terms of the financing package were not disclosed.

China’s consumer prices edged up in October, while factory-gate prices continued to decline, underscoring the challenges Beijing faces in battling deflationary pressures despite a recent stimulus push, the Wall Street Journal reported. China’s consumer-price index rose 0.3% from a year last month, compared with the 0.4% gain seen in September, according to data released Saturday by the National Bureau of Statistics. The producer-price index, meanwhile, fell 2.9% in October, for a 25th straight month of decline.

Japan's service-sector sentiment worsened and bankruptcy cases rose in October, data showed on Monday, casting doubt on the central bank's view the country was on track to meet its 2% inflation target driven by robust domestic demand, Reuters reported. The findings align with concerns voiced by some Bank of Japan (BOJ) board members at last month's policy meeting that intensifying labour shortages could constrain growth, rather than lead to higher wages.

Indonesia has opened a six-month window until May 2025 for certain businesses to receive full loan forgiveness from state banks, a policy that aims to boost loan and economic growth, according to details of a new regulation, Reuters reported. Indonesia's President Prabowo Subianto last week signed off on a government regulation that allows state lenders to fully write off bad debts of certain micro, small, and medium enterprises (MSMEs), which are major contributors to Indonesia's gross domestic product.

Philippine President Ferdinand Marcos Jr. on Monday signed a law that lowers corporate income taxes and boosts incentives for businesses, in a bid to spur more investment into one of Asia’s fastest-growing economies, Bloomberg News reported. The Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy, or CREATE MORE Act, reduces the corporate income tax rate for businesses registered with investment agencies to 20% from 25%.

Thailand is set to appoint former Finance Minister Kittiratt Na-Ranong as the new Bank of Thailand chairman, a sign of the government seeking to tighten its grip over the central bank with which it has sparred over monetary policy and inflation targets, Bloomberg News reported. Kittiratt, a critic of the BOT’s hawkish monetary policy and a former member of the ruling Pheu Thai party, was picked as the new chairman at a near five-hour meeting of the selection panel on Monday, according to people familiar with the matter. Thai media earlier reported that Kittiratt was selected.

Several lawmakers are considering the formation of a special committee to investigate the recent bankruptcy ruling against Sritex, Indonesia’s largest textile company, which could potentially lead to tens of thousands of job losses, JakartaGlobe.id reported. Members of the House of Representatives' Commission VII on industry and the creative economy revealed the plan during a visit to Sritex’s factory in Sukoharjo Regency, Central Java, on Thursday.

Investors who won a $16 billion judgment against Argentina over its nationalization of energy firm YPF SA more than a decade ago are open to receiving payment in bonds instead of cash, Bloomberg News reported. Burford Capital, a litigation funder that’s the biggest stakeholder in the case, would accept sovereign bonds or other marketable securities, considering the Argentine central bank’s depleted foreign reserves, the people noted, asking not to be identified because the discussions are private.

China unveiled a 10 trillion yuan ($1.40 trillion) debt package on Friday to ease local government financing strains and stabilise flagging economic growth, as it faces fresh pressure from the re-election of Donald Trump as U.S. president, Reuters reported. The measures confirm last week's Reuters report, and mark a departure from the all-out stimulus strategies to revive growth China has deployed in the past. They aim to repair municipal balance sheets as a longer-term objective, rather than directly inject money into the economy.