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We are one of the richest country? But.....

Coffee Shop Talk of a non sexual Nature Visit Sam's Alfresco Heaven. Singapore's best Alfresco Coffee Experience! If you're up to your ears with all this Sex Talk and would like to take a break from it all to discuss other interesting aspects of life in Singapore, pop over and join in the fun.

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17-02-2014, 10:30 AM

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We are one of the richest country? But.....

An honorable member of the Coffee Shop Has Just Posted the Following:

New bankruptcy cases hit four-year high

Quote:
The number of people made bankrupt last year rose by 14 per cent to reach 1,992 - the highest since 2009.

The Insolvency and Public Trustee's Office (IPTO) under the Ministry of Law gave general reasons for the rise: overspending, business failure and unemployment.

Certainly, the overall jobless rate has risen - from 1.8 per cent at end-2012 to 2.2 per cent in June last year, according to the Ministry of Manpower.

The business environment also got tougher last year.

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