In Singapore, the number of business liquidations has surged, with 187 companies winding up in the first half of 2025, marking a significant increase from previous years. Factors contributing to this trend include cash flow issues exacerbated by rising interest rates, the end of COVID-19 support, and challenges in the food and beverage sector, leading to many businesses accruing substantial debts.
4 men charged with cheating, falsifying accounts to get grants from job-switching scheme
Four men, including former director Samuel Sim Choon Hock, were charged for cheating and falsifying accounts to fraudulently obtain government grants under Workforce Singapore's Professional Conversion Programmes. Their actions resulted in the disbursement of over S$89,000 in salary support and course fee subsidies by misrepresenting salaries and employment statuses between 2018 and 2019. Want More Context? 🔎
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