If put sambal belancan  best @ManOfTheHour

@ManOfTheHour @noobmaster @coffeenut @chamfer @classyNfabulous Today’ lunch . Teaser for tomorrow’s birthday food adventures 

on G20 our prime minister seems to say good things about Japan. say Jap no.1 trusted country  in SEA and can play a role in security stability.   anyway can trust any country but ccp china. 0% credibility. just a kid bully, talks 0 logic and fake stories to cheat own people as their media ish closed. not to mention the hardworking red army doing the online work.   the statement made by jap ish during their parliament to answer a question  raised, and ish not the first one who said that. ccp just purposely choose to make a big thing out of it.   anyway, normal china people suffers, some kena flight cancelled lol. while rest of the world going to japan now! less crowd less chance of seeing poor display of behavior there hehe.   taiwan destiny should be decided by Taiwanese, not ccp china.   moi wouldnt wana be a 韭菜 if got to choose.

JP auntie wan say wat is her business. 

SINGAPORE – Bankruptcy orders in Singapore are now at a five-year high, but lawyers say the process also gives individuals a chance to reset their financial lives once they eventually exit it. Recent data on the Ministry of Law’s (MinLaw) website showed that 1,395 bankruptcy orders were made in the first 10 months of 2025, surpassing the full-year totals recorded each year from 2020 to 2024. Bankruptcy can be deeply distressing, and comes with restrictions such as being barred from taking on credit of $1,000 or more without declaring one’s status, and being unable to travel or stay overseas without prior approval. But changes to Singapore’s bankruptcy laws in August 2016, which set out clearer discharge timelines and a more rehabilitative system, have enabled more bankrupts to stick to payment plans and find jobs that support their discharge. The reforms have enabled first-time bankrupts to get out of bankruptcy in five to seven years if they pay their target contribution in full, with some exiting bankruptcy within as little as three years. The target contribution is the total amount bankrupts need to pay during their time in bankruptcy. The amount is calculated with reference to the bankrupts’ individual circumstances, and not the total debt size they owe. Meanwhile, repeat bankrupts can be discharged within five to nine years. A spokesperson for MinLaw told The Straits Times that there are also instances where some bankrupts have been discharged after seven years even though they did not fully meet their repayment obligations. The changes have gradually helped more people get out of bankruptcy. In 2024, for example, 810 individuals were discharged from bankruptcy, while another 646 individuals were discharged in the first 10 months of 2025, according to MinLaw data. Resorting to bankruptcy Mr Joel Choy, an associate division director at PropNex Singapore, was discharged from bankruptcy in 2021, seven years after he declared himself bankrupt in 2014. He was left with debt of more than $700,000 when he let a childhood friend use his share financing account to trade shares that eventually collapsed in value. “Because it was my trading account, I had to bear the debt,” he said. Overwhelmed by the persistent stress of owing money, Mr Choy opted to file for bankruptcy in 2014. The property that he owned was sold and all sale proceeds went to the bankruptcy estate. “Everything fell apart in an instant. I lost my sense of self and everything I had worked tirelessly for, my savings and my property,” said Mr Choy, who fell into depression and stopped working for a few months. Mr Choy said his then fiancee, Ms Tan, was his greatest pillar of strength during the time. The couple got married in 2015 and now have three sons – twin boys aged three and a younger son who is almost two years old. Looking back, Mr Choy said “the whole bankruptcy was a refresh. It allowed me a fresh start from the overwhelming debt”. “When you’re going through it, it can feel very dark,” he said. “But there is light at the end of the tunnel, as long as you take it step by step.” Ms Siti (not her real name), who started a business selling homemade pastes in 2005, also went through bankruptcy. Her business, which was doing well initially, struggled after operating costs shot up, forcing her to take personal loans to keep things afloat. When her debts mounted beyond what she could manage, she filed for bankruptcy in 2019. During her bankruptcy, Ms Siti attended regular support group sessions at non-profit AMP Singapore’s Debt Advisory Centre (DAC), where she met others facing financial difficulties. This support gave her the strength and motivation to soldier on, especially when her job search got tough. Ms Siti eventually found a job as a janitor, a role that was unfamiliar and physically demanding. Still, the job allowed her to make the monthly contributions necessary for her discharge from bankruptcy in 2024. Today, Ms Siti continues working as a part-time janitor, as she slowly rebuilds her savings. Rebuilding life after bankruptcy Some bankrupts may face difficulties getting another job or one that offers them the same pay as the job they were doing before they went bankrupt. Mr Muhd Alamin Ab Majid, a case officer at AMP’s DAC, said it is a good idea for those affected to upgrade their skills by pursuing some training or professional certifications during their bankruptcy period. This will improve their employability when they are discharged from bankruptcy and are looking to start life anew, he added. Mr Jonathan Ong, director of restructuring and insolvency at financial services firm EisnerAmper Singapore, said the bankruptcy period also allows individuals to reflect on their financial situation and take steps to cut down on non-essential expenses. He added that during their time in bankruptcy, they have no access to credit facilities or “buy now, pay later” spending options, so there is less incentive to overspend. This will hopefully cultivate good savings and spending habits, which will serve them well for life, Mr Ong added. Mr Alamin from DAC added that individuals can follow the 50/30/20 rule when managing their finances – allocating 50 per cent of their budget to essentials or needs; 30 per cent to non-essentials or wants; and 20 per cent to savings and for repayment of any remaining debts. It is very important to develop healthy financial habits to avoid a repeat of bankruptcy, he added. Post-discharge, some individuals may want to look at ways to repair their credit score, said Ms Tan Huey Min, general manager of Credit Counselling Singapore (CCS). Bankrupts who pay their target contribution in full will have their names removed from public records after five years from the date of their discharge, although those who fail to do so will have their names on public records permanently. However, they can start building up a good credit score first by making payments on time. This will ensure that when they really need a loan, the bank can trace their credit record, she added.     CCS runs a debt management programme that helps debt-distressed borrowers work out a plan to repay their unsecured debts, such as credit card debt, credit lines or overdrafts and personal loans, to creditors in full. The monthly repayments are affordable at a reduced interest rate and over a reasonable period of time until the debts have been fully settled, CCS noted on its website. Mr Raymond Lim was one of those who sought help early. He was on the verge of bankruptcy when he visited CCS 25 years ago. At that time, he had chalked up a debt of $186,000 because of his gambling addiction. Mr Raymond Lim repaid his debts in four years with the help of Credit Counselling Singapore. ST PHOTO: TARYN NG With CCS’ help, Mr Lim repaid his debts in four years. His focus turned to his work and he set up a business and management consulting firm, RL Consultancy, in 2020. He has this bit of advice for peers who are addicted to gambling. “For gamblers, our direction is to gamble to get rich. “If you can change your focus to work hard and consistently achieve your goals, then your focus is more consistent,” he said. Getting discharged from bankruptcy In Singapore, there are two ways an individual can be discharged from bankruptcy – discharge by the High Court, and discharge by the certificate of the official assignee (OA). Bankrupts or their OA can apply to the court to release them from the bankruptcy order, said Mr Muhd Alamin Ab Majid, a case officer at AMP Singapore’s Debt Advisory Centre. The court will look at their income and assets, how much they have paid back and whether they cooperated during the bankruptcy process, to decide whether to grant an order of discharge, he said. Bankrupts can also be discharged by the OA if at least three years have passed since the bankruptcy; their debts do not exceed $500,000; and they have shown effort in making their monthly contributions or instalment payments. Mr Alamin added that there have also been instances where individuals propose a repayment plan called a scheme of arrangement, and a bankrupt can get discharged under this scenario if creditors agree to it. The processes involved for discharge from bankruptcy typically take at least six months. A Ministry of Law (MinLaw) spokesperson said bankrupts will be issued with a Certificate of Discharge upon their exit from bankruptcy. The spokesperson added that if they had met their target contribution in full, persons other than themselves will not be able to access information in the OA’s records about the bankruptcy order made against them or their discharge from bankruptcy, after five years have lapsed from the discharge date. The Straits Times understands that, similarly, records of the bankruptcy order and discharge will be displayed in one’s credit report with Credit Bureau Singapore (CBS). The information will be retained in the credit report for five years after discharge. MinLaw said that there have been bankrupts who did not meet their target contribution but were discharged by the OA after seven years from the administration date of their bankruptcy. The administration date is when a bankrupt submits his financial documents to the trustee. If the trustee subsequently asks for more information, the administration date is the date that the bankrupt provides the extra information. Their Certificate of Discharge does not indicate that they have failed to meet their target contribution. However, their names will remain on public records permanently. Anyone inspecting the OA’s records will still have access to the foregoing information, the MinLaw spokesperson noted. Similarly, their bankruptcy records will be displayed indefinitely in their credit report with CBS. https://www.straitstimes.com/busine...many-are-learning-to-restart-from-rock-bottom