Lim Oon Kuin, founder of Hin Leong, along with his children, will pay $3.5bn to liquidators and HSBC following the collapse of the Singapore oil trader. The agreement, reached in Singapore High Court, includes interest and costs, with the family members named in the consent judgements. The 82-year-old former tycoon, known as OK Lim, faces financial repercussions for the company’s demise.
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Commentary: The tussle over retail rents in Singapore cannot go on like this
SINGAPORE: Rising rental costs are causing beloved small businesses like Flor Patisserie to close, igniting public sadness and anger. While retail rents appear stable according to the URA's index, many landlords opt for prolonged vacancies over leasing to independents, raising concerns about the impact on community vibrancy and the unique character that small businesses provide.https://www.youtube.com/watch?v=kv4d8UybPYo Want More Context? 🔎
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