GIG
17-02-14, 09:41
http://www.straitstimes.com/breaking-news/singapore/story/new-bankruptcy-cases-hit-four-year-high-20140217
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.
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.