No cash flow? S$42.6m still awaiting claims from corporate owners

Tay Peck Gek

Published Wed, Jan 27, 2021 · 05:50 AM

Singapore

COMPANIES looking to ease their cash flow situation in these difficult times may want to check out a government website where S$42.6 million, including the largest single sum of S$190,000, is waiting to be claimed by businesses.

According to the Ministry of Finance (MOF), the total unclaimed money amounted to S$274 million as at Dec 31, 2020, with about 80 per cent of the money belonging to individuals. The remainder or S$42.6 million is due to businesses.

Unclaimed money refers to money held by various ministries, statutory boards and organs of state because the owners of the money are not contactable. The government has a website that publishes unclaimed money at htt…