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CNA
3 hours ago
- CNA
CNA938 Rewind - Debt collector says there are ways to avoid liquidation
Singapore has been seeing a growing wave of businesses that are going belly up, with more being forced by the courts to shut. So far, 187 companies have been liquidated in 2025 – a jump from 146 in the same period last year and 95 in 2023. F&B, interior design and construction have been identified as the hardest hit industries. Daniel Martin and Justine Moss speak with Tan Wei Cheong, Turnaround and Restructuring Partner, Deloitte Singapore and Daryl Lee, Director, Assured Debt Recovery.


CNA
5 hours ago
- CNA
Public Service Division announces permanent secretary appointments and re-designations
SINGAPORE: The Public Service Division (PSD) on Friday (Aug 1) announced permanent secretary appointments and re-designations that will take effect in the next two months. Mr Kenneth Er Boon Hwee, 53, will be appointed Second Permanent Secretary (Manpower) and concurrently Second Permanent Secretary (Education) from Sep 1. Mr Er has been Deputy Secretary (Planning) at the Ministry of National Development (MND) since 2023. He was the former CEO of the National Parks Board (NParks) from 2014 to 2013, and previously held various appointments in MND, NParks and Gardens by the Bay. Ms Ngiam Siew Ying, 49, will be appointed Second Permanent Secretary (Finance) from Sep 1. She has been the CEO of Synapxe, the national health tech agency, since 2022. Ms Ngiam held various appointments in the Defence Science and Technology Agency (DSTA), Ministry of Defence (MINDEF), Ministry of Transport (MOT) and the Prime Minister's Office (PMO), before her appointment as Deputy Secretary (Policy) at the Ministry of Health (MOH) in 2016. Mr Augustin Lee, 54, will be appointed Permanent Secretary (Energy and Trade) at the Ministry of Trade and Industry (MTI) from Sep 1. He will relinquish his roles as Second Permanent Secretary (Education) and Second Permanent Secretary (Smart Nation) at the PMO on Sep 1 and Oct 1 respectively. Mr Lee was the former CEO of the Central Provident Fund (CPF) Board from 2019 to 2023 and previously served as Principal Private Secretary to then-Senior Minister Goh Chok Tong. He has also held various appointments in the then-Ministry of Labour, MOH, National Healthcare Group and MTI. Mr Chng Kai Fong, 46, will take over Mr Lee's Smart Nation portfolio. He will also be concurrently appointed Permanent Secretary (Development) (Smart Nation) (Cybersecurity) at the PMO from Oct 1. In 2014, Mr Chng was appointed Principal Private Secretary to then-Prime Minister Lee Hsien Loong and was named as managing director of the Economic Development Board (EDB) in 2017.


Independent Singapore
5 hours ago
- Independent Singapore
Toto bettor becomes multimillionaire overnight as he wins record-breaking S$12.38 million jackpot
Photo: WM Commons SINGAPORE: A lone punter has scooped a staggering S$12.83 million in the final Toto draw of July, setting a new record for the largest-ever single ticket win in the game's history. The winning numbers in Toto Draw 4035, held at 9:30 p.m. on Thursday, July 31, were 7, 19, 20, 21, 22, 29, with 37 as the additional number. Interestingly, the draw featured four consecutive numbers, 19, 20, 21, and 22. Such a sequence is believed to be a first in the history of Singapore Pools' Group 1 prize wins. According to Singapore Pools' official website, the life-changing prize was claimed through a QuickPick Ordinary Entry placed via an online betting account, making the unnamed winner the sole recipient of the top prize after three consecutive draws with no Group 1 winner. The draw had seen its jackpot swell past the S$10 million mark due to the rollover. This latest win surpasses the previous single-ticket record set on June 19, when a lone winner walked away with S$12.32 million. This previous record stood for just over six weeks. While all eyes were on the record-breaking Group 1 prize, the draw also brought good fortune to 20 other winners, each bagging S$73,408 from the Group 2 prize tier. Singapore Pools urges members of the public to place bets responsibly. () => { const trigger = if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { => { if ( { lazyLoader(); // You should define lazyLoader() elsewhere or inline here // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); } else { // Fallback setTimeout(lazyLoader, 3000); } });