SG Talk

(01-05-2023, 09:53 AM)Everything Everywhere At Once Wrote: [ -> ]https://www.straitstimes.com/business/gr...ng-economy

😱 😱

(01-05-2023, 09:53 AM)Everything Everywhere At Once Wrote: [ -> ]https://www.straitstimes.com/business/gr...ng-economy

alot of MNC put their HQ/ operation office in SG. You can't make good money working there.

Sad case
Inflation

sg not a good place for business now. downfall ever since 2000

Ministry of Law data showed that 25 companies were wound up in March, bringing the total for the quarter to 54, higher than the 40 cases in the final three months of 2022.


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54 companies so maybe 200 Born- Citizens lost their job

as if Dead Dragon cares

Hot Star Large Fried Chicken and Barcook Bakery at Tampines 1 have both bitten the dust

https://www.bannedsite.com/forum/announc...n-the-dust

Beef Bro @ Far East Plaza has uplorried

https://www.bannedsite.com/forum/announc...-uplorried

Gokoku Japanese Bakery closed......what happened ah?

https://www.bannedsite.com/forum/announc...appened-ah

Valu$ shop has closed down!

https://www.bannedsite.com/forum/announc...losed-down

Hawker Chan outlet at Tampines Mall food court has closed for good.

https://www.bannedsite.com/forum/announc...d-for-good

Happy Castle shutters temporarily, will not be providing refunds to affected customers

https://www.bannedsite.com/forum/announc...-customers

Teo Heng might have to close half of its 14 KTV outlets....

https://www.bannedsite.com/forum/announc...tv-outlets

An Open Plea to save Founder Bah Kut Teh
https://www.bannedsite.com/forum/announc...ah-kut-teh

We likely lost more 5,000 companies in the past 2 years

What proactive action did the useless Shoot Blank Queen take then?

NOTHING?

https://www.channelnewsasia.com/business...rus-648176

who knows
spore may renter a deep recession as like in 1985-1986 as PAP now make  spore too expensive

HIGH RENTAL



not just locals been squeeze
also FOREIGNER INVESTORS.

Why foreigner investors need to set up big office here in SG?

- either reduce the size of the office become just a small office with just less than 10 staffs oversee their Asia/South east Asia market.

OR

- move up Malaysia, Vietnam, Thailand as their rental rates still consider At least cheaper than in SG no doubt property price at there also slowly keep increasing.


REMEMBER , Investors move funds to places which offer cheaper rates, rent thus can earn profits.

(01-05-2023, 11:55 AM)Alleggsinonebasket Wrote: [ -> ]Teo Heng might have to close half of its 14 KTV outlets....

https://www.bannedsite.com/forum/announc...tv-outlets

An Open Plea to save Founder Bah Kut Teh
https://www.bannedsite.com/forum/announc...ah-kut-teh

😱😱😱

The nearby caipng stall changed hands 3 times in 3 months.

My nearest hawker center has 3 permanently closed stalls in the past 2 weeks.

(01-05-2023, 10:30 AM)XiXiPee Wrote: [ -> ]alot of MNC put their HQ/ operation office in SG. You can't make good money working there.

All of them previously setting up regional HQ in Singapore solely for Tax Avoidance and enjoying very low corporate tax as low as 2% BUT not anymore.

Its illegal and has become a crime

(01-05-2023, 08:30 PM)Alice Alicia Wrote: [ -> ]The nearby caipng stall changed hands 3 times in 3 months.

Those owners trying new trades were either retrenched PMET or IT professionals.

Sad stories

(02-05-2023, 02:32 AM)babygirl Wrote: [ -> ]

Double whammy

Retrenched to face higher inflation and cost of living