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Daily Archives: 2018-08-03

$10mil worth in deposits collected from oBike Singapore’s users’ allegedly transferred to oBike’s Hong Kong office, says liquidators

S$10 million out of S$12 million pooled from oBike Singapore's users was moved to the bike-sharing company's Hong Kong office before it ceased its operations in June, according to FTI Consulting, oBike's liquidators. The business management consultancy firm said yesterday that the S$10 million was purportedly used to offset a loan of S$ 11million from its Hong Kong operations. FTI …

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Total national systemic overhaul to deal with the pains of aging

by Khush Chopra THE ST CALLS FOR “RESEARCH” INTO ELDERLY DISTRESS According to the Straits Times: “As Singapore's population ages rapidly, there is urgency to step up solid studies on ageing to pinpoint factors that cause distress, so that effective remedial action can be taken.” We don’t need further “studies” to understand what ails our elderly. We all know what the …

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128 students awarded the Singapore-Industry Scholarship

128 students received the 2018 Singapore-Industry Scholarship (SgIS) on Thursday (2 August) at an award ceremony with Second Minister for Education and Finance, Ms Indranee Rajah as guest-of-honour. In a press release, Ministry of Education (MOE) stated that SgIS is a multi-industry undergraduate scholarship which aims to groom future Singaporean industry leaders in strategic sectors that are critical for Singapore’s development. …

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Ministry of Finance: “Majority of the lapses reported by the AG’s Office over the years are not criminal in nature”

In a forum letter published by The Straits Times on Wednesday (1 August), Mr Tan Soon Hock wrote a letter regarding latest Auditor-General's Office (AGO) report which highlighted the same lapses and acts of non-transparency committed by the governmental and public-sector bodies particularly those from People's Association found in 2015 and voiced his concern about how the positions in grassroots organisations, …

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