Daily Debrief: What Happened Today (Jan 22)

Published Mon, Jan 22, 2024 · 06:30 PM
    • Individuals and enterprises that are unable to repay more than S$15,000 in debt could be made bankrupt or liquidated.
    • Individuals and enterprises that are unable to repay more than S$15,000 in debt could be made bankrupt or liquidated. PHOTO: BT FILE

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    Individual bankruptcy applications at 18-year high in 2023; more applying for corporate insolvency

    INDIVIDUAL bankruptcy applications stood at an 18-year high of nearly 4,000 in Singapore in 2023, while applications for companies to be compulsorily liquidated also climbed.


    Robotic arms, unmanned shops at SMRT’s revamped retail innovation hub

    A STORE manned by a robotic arm and a 7-Eleven where customers need not bring purchases to a register are among 10 innovative retail concepts at a new showcase space launched on Monday (Jan 22).


    MinLaw extends Simplified Insolvency Programme application by two years till Jan 28, 2026

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    THE application period for the Simplified Insolvency Programme (SIP) has been extended by 24 months, to Jan 28, 2026, from Jan 29, 2024.


    Johor Bahru-Singapore RTS Link will not be value-destructive for Singapore property

    LURED by cheaper costs of goods and services, many Singapore residents head across the Causeway to visit Johor Bahru, the capital of Johor state, and other parts of Malaysia.


    OCBC hires China corporate banking head from Sumitomo Mitsui

    OCBC has appointed Seth Tan as its China unit’s new head of corporate banking to take over from Ang Eng Siong, who was appointed chief executive of OCBC China from Nov 1, 2023.


    Singapore shares start week in the red amid mixed regional showing

    SINGAPORE stocks ended in the red on Monday (Jan 22) amid a mixed showing from regional bourses.

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