Water is heavy
I think many people have learned from me, only have meals outside without having drinks. Now Jollibean bankrupts
- Thread starter Boonsiong
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Honestly, I would say they're trying to upsell daily food fare at atas pricing to cover the rents. They should have stuck to hawker centres and coffeeshops.
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The ultimate winners are still the landlords. Tenants are just unintended money mules
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Jollibee can take over?
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Shitgapore is dead move to ASEAN, Australia or USA
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And these landlords are all pap related people or associated with pap. Damn disgusting.
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I hope that the closure of more small businesses will send a strong signal to landlords to lower their rental or be prepared to have more empty commercial units.
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PAP related landlords have lots of holding power and connections to political elite for laws in their favour. Won't happen one.
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chey! for a happy moment thought it’s jollibee packing up and running road to failippines.
Back to the topic.
躺平第二法則 － 放棄身份
The existence of the self is an illusion. The illusion of the self creates the reality of identity. The identity lives among identities, and in order to distinguish one identity from the other, you must clad your identity with ornaments - ornaments of success. In any society, success is measured by the house you live, the car you drive, the chioness of your wife and academic performance of your children.
The identity lives among identities, and they compare, compete and envy one another. The identity moves in the opposite direction of 躺平，and even a seasoned 躺平 exponent can be tempted by other identities who seem to be "contributing to the society". The identity is drawn into comparison and the identity that is NOT contributing to the society will feel "useless".
The identity craves for recognition to free itself from self-condemnation and begins to envy other identities. This is when 躺平 becomes 仰望, and for any 躺平族，仰望 means you have entered a state of 走火入魔．In the end, you find yourself 兩頭不著岸．
When the self is real, the soul is never free. The spirit of 躺平 is NOT to save cost, but to be free from the shackles of society.
Too high rental, cost of doing business in Sindiapore is too high!
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S'pore certainly has a high % of billionaires with family and personal connections to the Govt
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Sale of Del Monte products in Singapore not affected by US unit’s bankruptcy filing
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Del Monte Asia, which is not affiliated with the Del Monte Pacific group, holds the trademarks for the Asia-Pacific region, including Singapore.
PHOTO: AFP
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Singapore companiesPublished Jul 09, 2025, 05:26 PM
Updated Jul 10, 2025, 06:47 PM
SINGAPORE - Singapore-listed Del Monte Pacific said the sale of Del Monte-branded products here will not be affected by the bankruptcy filing of its US subsidiary, Del Monte Foods.
Saddled with US$1.2 billion (S$1.5 billion) in secured debt, Del Monte Foods filed for Chapter 11 bankruptcy protection on July 1 to support a planned sale of the business and restructuring of its finances.
The company has secured US$912.5 million in emergency funding to maintain operations during the process.
Singapore shareholders of Del Monte Pacific, though, will be affected by Del Monte Food’s bankruptcy filing as its restructuring will result in a deconsolidation of the subsidiary from its parent.
Del Monte Pacific also disclosed in an exchange filing on July 7 that it expects to book a capital deficit on its balance sheet from write-offs in relation to Del Monte Foods.
Its equity investment in Del Monte Foods and certain receivables due from the US subsidiary are also expected to be subject to impairment. As at Jan 31, Del Monte Pacific’s net investment value in Del Monte Foods was US$579 million. It also has US$169 million in net receivables from Del Monte Foods and its subsidiaries.
In 2024, the US company accounted for 70 per cent of Del Monte Pacific’s 2024 sales. Del Monte Foods’ net loss position also caused the group to slip into the red.
On July 7, Del Monte Philippines, another subsidiary of Del Monte Pacific, said operating profit for the year ended May 31 surged 40 per cent year on year to 8.6 billion pesos (S$195 million). Total sales grew 14 per cent to 44.2 billion pesos.
Del Monte Pacific will issue its year-end results by July 31, and address how Del Monte Foods’ Chapter 11 filing in the US will impact the group’s financials, the company said. Any impact will be reflected in Del Monte Pacific’s first-quarter results for the 2026 financial year.
Shares of Del Monte Pacific, which had fallen by 11 per cent to 5.6 cents at the close of last week, have since rebounded. On July 10, they closed up 4.3 per cent at 7.3 cents.
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1880's liquidator warns members that the club's August reopening is "unauthorized"
JORDAN COOPER / Jul 8, 2025
News
Just days after news broke of 1880's August comeback, the court-appointed liquidator has sent a stern warning to members that throws the entire reopening into question. The battle for control of Singapore's most dramatic club collapse has begun.
Members of Singapore's defunct 1880 private club are caught in an unprecedented tug-of-war after the court-appointed liquidator warned them that the much-publicized August reopening is not authorized and any membership transfers are invalid.
In a carefully worded letter dated July 7 and seen by this publication, provisional liquidator Chan Yee Hong distanced himself from the reopening plans that have dominated headlines since July 1. "Please note that the Provisional Liquidator is not aware of, did not authorise, and did not consent to any transfer of membership from 1880 to a 'new club'," the letter states.
The warning comes just days after multiple news outlets reported that the exclusive Robertson Quay venue would reopen in August with 90% of its former staff and backing from landlord RB Corp. Members had been told they could transfer their memberships without paying new joining fees — typically S$7,000 — with a July 15 deadline to confirm.
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Macquarie said to weigh sale of Singapore petrochemical asset
By Elffie Chew, Manuel Baigorri & Pei Li / Bloomberg
09 Jul 2025, 03:10 pm
Silos operated by Advario Singapore Chemical Pte on Jurong Island in Singapore.
(July 9): Macquarie Group Ltd’s asset management arm is considering selling its 50% stake in a chemical storage terminal at Singapore’s Jurong Island, according to people familiar with the matter.
Macquarie Asset Management is working with a financial adviser on the potential disposal of the stake in Advario Singapore Chemical Pte, which may attract interest from infrastructure-focused funds and industry players, the people said, asking not to be identified because the deliberations are private. A stake sale could fetch several hundred million dollars, the people said.
Sale considerations are at a preliminary stage and no final decisions have been made, they added.
By Elffie Chew, Manuel Baigorri & Pei Li / Bloomberg
09 Jul 2025, 03:10 pm
Silos operated by Advario Singapore Chemical Pte on Jurong Island in Singapore.
(July 9): Macquarie Group Ltd’s asset management arm is considering selling its 50% stake in a chemical storage terminal at Singapore’s Jurong Island, according to people familiar with the matter.
Macquarie Asset Management is working with a financial adviser on the potential disposal of the stake in Advario Singapore Chemical Pte, which may attract interest from infrastructure-focused funds and industry players, the people said, asking not to be identified because the deliberations are private. A stake sale could fetch several hundred million dollars, the people said.
Sale considerations are at a preliminary stage and no final decisions have been made, they added.
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Shell completes Asian asset sale
$1 billion suggested as price for Singapore downstream deal with Chandra Asri and Glencore
Asia Bureau ChiefSingapore
Published 1 April 2025, 10:30
UK supermajor Shell has completed the sale of its Energy and Chemicals Park in Singapore to CAPGC, a joint venture between Chandra Asri Capital and Glencore.
CAPGC last May was confirmed as the winner after a competitive bid process. No figure has been placed on the deal, but industry sources had suggested a price tag of around US$1 billion, Bloomberg earlier reported.
The divestment by subsidiary Shell Singapore (SSPL) is in line with the parent’s ongoing efforts to high-grade its chemicals and products business. Shell remains committed to Singapore with its role as an important regional hub for Shell’s marketing and trading business.
The transaction was done through the sale of shares in Aster Chemicals and Energy, which is incorporated in Singapore and a fully owned subsidiary of SSPL.
Staff in Shell Energy and Chemicals Park Singapore will continue their employment with Aster Chemicals & Energy under the new ownership, providing continuity for staff and contributing to ongoing operational reliability and safety, Shell confirmed on Tuesday.
The industry heavyweight is continuing to support Singapore’s energy needs through its businesses across a range of energy products, including liquefied natural gas supply and trading. Shell also continues to grow its retail network while investing in electric vehicle charging infrastructure as the city state transitions.
CAPGC is a joint venture that is majority-owned and operated by Chandra Asri Group and minority-owned by Glencore through their respective subsidiary companies.
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Chevron seeks buyers for 50% stake in Singapore refinery: sources
The US oil major is also gauging interest to sell other Asia assets
- The potential sales come as Chevron restructures globally to streamline operations and reduce costs, a process that could see it lay off up to 20% of its workforce by the end of next year. PHOTO: REUTERS
- The potential sales come as Chevron restructures globally to streamline operations and reduce costs, a process that could see it lay off up to 20% of its workforce by the end of next year. PHOTO: REUTERS
- The potential sales come as Chevron restructures globally to streamline operations and reduce costs, a process that could see it lay off up to 20% of its workforce by the end of next year. PHOTO: REUTERS
- The potential sales come as Chevron restructures globally to streamline operations and reduce costs, a process that could see it lay off up to 20% of its workforce by the end of next year. PHOTO: REUTERS
- The potential sales come as Chevron restructures globally to streamline operations and reduce costs, a process that could see it lay off up to 20% of its workforce by the end of next year. PHOTO: REUTERS
[SINGAPORE] US oil major Chevron has sought non-binding bids for the sale of its 50 per cent stake in Singapore Refining Company (SRC), including from joint venture partner PetroChina, eight sources familiar with the matter told Reuters.
Chevron is also gauging interest for the sale of other assets in Asia, including terminal and fuel storage facilities in Australia and the Philippines, one of the sources and a separate source said.
The potential sales come as Chevron restructures globally to streamline operations and reduce costs, a process that could see it lay off up to 20 per cent of its workforce by the end of next year.
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