Boss John, more sinki bankrupted, how?

[k1976]

https://www.channelnewsasia.com/com...ations-debt-challenging-economy-money-4172186

Why Hah?

I tot everybody huat big big hah

 

[k1976]

SINGAPORE: The economic landscape post-pandemic has not been kind, with rising interest rates and inflation putting financial pressure on businesses and individuals alike.

According to data from the Ministry of Law's Insolvency Office, Singapore witnessed an unprecedented surge in personal bankruptcy applications in 2023, hitting an 18-year high at 3,986.

 

[k1976]

Companies in compulsory liquidation also climbed, with applications reaching 273 in 2023, up 6 per cent from 257 in 2022.

When it comes down to the wire, the decision to file for bankruptcy is often regarded as a last resort - a move laden with stigma, burdened by financial struggles and unforeseen adversities.

So why do people file for bankruptcy, and what is behind the rise of bankruptcy applications in Singapore?

Delving into this reveals an interplay of economic factors in the aftermath of the COVID-19 pandemic.

 

[k1976]

https://www.businesstimes.com.sg/si...-high-2023-more-applying-corporate-insolvency

Tiagong , hit 18yr high record

 

[k1976]

That is why we need rainmaker talents?

 

[syed putra]

Maybe they bought exotic cars.

 

[rushifa666]

Change check suicide rate?

 

[Pinkieslut]

Sinkies are useless bunch descended from coolies, criminals and other low lives. We should import more FTs to replace them.