Higher forced liquidations this year, with pandemic yet to do its worst

Singapore

EVEN as the number of compulsory liquidations have gone up over the past four months, the true measure of distress that the global pandemic has had on Singapore companies will only be made clear from the third quarter, when subsidies and legal reprieve wear off.

As it is, 102 companies were forced to wind up in the first four months of this year, compared to 67 over the same period last year, according to data from BizInsights, an information service provider for the Accounting and Corporate Regulatory Authority.