Singapore-based Chocolate Finance, launched in 2024 to disrupt traditional banking for Gen Z, is facing backlash after freezing withdrawals, capping spending, and blocking top-ups, leading to negative sentiment online. The crisis stemmed from a partnership with HeyMax rewards platform and a promotion offering air miles, which was abruptly halted due to unsustainable bill payments, triggering customer withdrawals and criticism. PR experts criticized the handling of the crisis, highlighting the need for preparedness, quick response, and customer trust retention strategies. Despite the turmoil, some investors have voiced confidence in the startup, while customers question their return.
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Five foreigners charged over scheme to get arrested to prolong stay in Singapore and sell illegal sex medication
Five Chinese nationals were charged with bribery in Singapore after attempting to bribe police and National Environment Agency (NEA) officers to prolong their stay while selling illegal sex enhancement drugs. The Corrupt Practices Investigation Bureau (CPIB) reported that all bribes were rejected, and the men, who sought Special Passes, were denied bail as investigations continue. Explain It To Me Like I'm 5: Five Chinese men tried to bribe police in Singapore to stay longer in...
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