Category: Business

Landmark ruling paves the way for transparency in the investigation of one of the largest financial frauds in history.Singapore — The scandal surrounding fintech company Wirecard is one of the biggest in recent history, with the company filing for insolvency in 2020 after €1.9 billion (SGD2.9 billion) went missing, and its CEO was terminated and …

The COVID-19 pandemic has prompted ultra-high-net-worth individuals to reassess strategies for protecting their wealth, say industry experts.SINGAPORE: An increasing number of ultra-wealthy families are setting up offices in Singapore to manage their wealth, with the current total nearing 700 family offices—nearly double the 400 reported at the end of 2020 and seven times the figure …

The Sengkang MP advocates for more convenience stores and coffee shops to enhance community living standards.SINGAPORE — Workers’ Party MP Louis Chua brought attention to the need for improved amenities in “forgotten” neighbourhoods during a parliamentary session on Tuesday (Jan 10), emphasizing that “home is where the heart is.” He called for a revival of …

As concerns rise over misleading figures, stakeholders demand transparency and accountability from SPH Media.It appears that readers aren’t engaging with our national broadsheets as much as SPH Media claims.On January 9, SPH Media acknowledged in a report by The Straits Times that it had inflated its daily circulation figures by 85,000 to 95,000, translating to …

The Workers’ Party MP emphasizes the need for a supportive system as Singapore transitions to using private trustees in bankruptcy.SINGAPORE — In a parliamentary address on Monday (Jan 9), Workers’ Party MP Sylvia Lim (Aljunied GRC) highlighted the various factors that can lead individuals to bankruptcy, including “misfortune, bad timing, and serving as guarantors for …

A decade-old property transaction leads to complications as a family is unable to claim their vouchers due to the previous owner’s inaction.Despite purchasing their flat over a decade ago, a family of five residing along Bedok North Street 3 continues to face issues stemming from that transaction.The residents reported they are unable to claim their …

Workers’ Party representatives commit to addressing the critical issues of housing supply and eligibility in Parliament next week.SINGAPORE — Members of Parliament from the Workers' Party have voiced their concerns regarding the accessibility and affordability of housing for Singaporeans last year and are set to continue advocating for these issues in the upcoming parliamentary session.Mr. …

The visionary leader, who established the Singapore tech firm in 1981, served as Creative's chairman and CEO throughout its history.SINGAPORE: Sim Wong Hoo, the founder, chairman, and CEO of Creative Technology, has passed away, as announced by the company on Thursday (Jan 5).Mr. Sim died on Wednesday at the age of 67.“On behalf of all …

Effective January 1, new guidelines mandate rain covers and “vehicle buddies” to improve the safety of transporting workers in Singapore.SINGAPORE – New regulations for transporting workers in lorries took effect on January 1 (Sunday), addressing a long-standing issue that has raised concerns among many Singaporeans.In 2021, a tragic series of incidents involving lorries transporting migrant …

In his New Year address, Prime Minister Lee Hsien Loong highlights the uncertain global economic landscape impacting Singapore's growth prospects.SINGAPORE — In his New Year message, Prime Minister Lee Hsien Loong extended his wishes for good health and happiness to Singaporeans in 2023 while cautioning about the “uncertainties ahead” stemming from a “troubled” global economic …