Singapore

Singapore restaurants rail against 30% delivery app fees

SINGAPORE — With Singapore’s restaurants relying more than ever on delivery platforms due to coronavirus-related restrictions, concerns are growing that the astronomical fees charged by these apps could drive many eateries out of business instead of saving them.

“You call yourselves our ‘partners,’ but we truly wonder if you know what that means,”  a coalition of over 600 restaurants has said in an open letter. Delivery platforms usually charge around 30% in commission for each order, which can wipe out profits for restaurants already operating on razor-thin margins.

The restaurant coalition is rebelling against these fees, and have asked Prime

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Singapore and China set strict rules for airtight ‘travel bubble’

SINGAPORE — Singapore on Wednesday offered a detailed explanation of how its new “travel bubble” with China will work, as the city-state moves carefully to reopen its borders amid the coronavirus pandemic.

Trips could resume in the coming two weeks, but only under a strict set of criteria.

Last week, Singapore and China agreed to set up a system to allow reciprocal travel for essential business and official purposes, starting with six Chinese provinces and municipalities: Shanghai, Tianjin, Chongqing, Guangdong, Jiangsu and Zhejiang.

The deal is that travelers from either country will have to apply for visas in advance —

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Singapore investigates Hyflux over suspected false statements

SINGAPORE — Ailing water company Hyflux and its directors are under investigation, suspected of false and misleading statements, breaches of disclosure requirements and noncompliance with accounting standards, Singaporean authorities said Tuesday.

The investigation comes as a $290 million rescue deal with Middle Eastern utility company Utico collapsed last week. Hyflux is seeking other bailout deals, though the probe may cloud prospects for the Singaporean company’s restructuring.

The probe looks to ascertain whether lapses occurred in Hyflux’s disclosures concerning its Tuaspring desalination plant project, as well as failures to comply with accounting standards between 2011 and 2018, according to a statement

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Singapore probes Hyflux over desalination plant disclosures

SINGAPORE — Ailing water company Hyflux and its directors are under investigation, suspected of false and misleading statements, breaches of disclosure requirements and noncompliance with accounting standards, Singaporean authorities said Tuesday.

The investigation comes as a $290 million rescue deal with Middle Eastern utility company Utico collapsed last week. Hyflux is seeking other bailout deals, though the probe may cloud prospects for the Singaporean company’s restructuring.

The probe looks to ascertain whether lapses occurred in Hyflux’s disclosures concerning its Tuaspring desalination plant project, as well as failures to comply with accounting standards between 2011 and 2018, according to a statement

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