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OldTown White Coffee is set to close its final Singapore outlet in Kallang Wave Mall, with its final day of operations on Oct 11.   The restaurant chain said the closure was due to the expiry of its lease. https://str.sg/KEEv   Here's the full detailed report:       ☕ OldTown White Coffee — Last Singapore Outlet Closing Oct 11   Source: The Straits Times / Facebook Announcement — Published 5 Oct 2026    📋 Key Details   - Outlet: Kallang Wave Mall (#01-18/19, 1 Stadium Place, Singapore 397628) - Final day: Sunday, 11 Oct 2026  - Tenure: Served customers there for more than 12 years  - Announced: Facebook post on 2 Oct 2026    ❌ Reason for Closure   - Lease expired — landlord decided not to renew  - OldTown tried negotiating but no mutual agreement reached  - Previous Singapore outlets at East Coast and Novena already closed earlier    🔮 Future Outlook   - Brand not ruling out return — will evaluate suitable opportunities in Singapore  - Peak presence: ~10 stores across Singapore (around 2015); first entered market in 2008   📌 Other Recent F&B Closures in Singapore   Establishment Status  Pizza Studio Tamaki Closing 31 Oct 2026  Tomahawk King (halal steakhouse) Closed 20 Sep 2026  Fika (Swedish cafe, Arab Street) Closed 14 Aug 2026             

Nearly S$140 Million to Remain Seized in Singapore Despite “Significant” CPIB Procedural Lapses 👉 https://goodyfeed.com/nearly-s140-million-to-remain-seized-in-singapore-despite-significant-cpib-procedural-lapses/   Here's the full detailed report:       💰 Nearly S$140 Million to Remain Seized — Despite "Significant" CPIB Procedural Lapses   Source: GoodyFeed / Court Judgment — 5 Oct 2026 | Case: Public Prosecutor v Bill Darmadi [2026] SGMC 96        📌 Background & Parties   - Defendant: Bill Darmadi — son of convicted Indonesian palm oil tycoon Surya Darmadi - Surya Darmadi: Owner of PT Duta Palma Group & chairman of Darmex Agro Group — convicted in Indonesia (Feb 2023) of corruption & money laundering; sentenced to 15 years’ jail + fine 41.9t rupiah (~S$3.71b)  - Allegation: Bill assisted in retaining his father’s criminal proceeds via Singapore companies Rich Asian Pte Ltd & Palmbridge Ltd → funds flowed into his personal accounts    🏦 What Was Seized — 17 May 2023   CPIB seized 4 bank accounts held by Bill in Singapore :   - S$81.6 million - US$23.1 million - S$10 million - US$14.8 million - Total: ~S$140 million       ⚠️ The Procedural Lapses   Under Section 370 Criminal Procedure Code, CPIB was legally required to report the seizure to a Magistrate within 1 year — by 17 May 2024.    - ❌ CPIB filed first report only on 24 Mar 2025 — ~10 months late  - ⚖️ District Judge Shen Wanqin ruled: - CPIB lacked lawful authority over the funds from 17 May 2024 → 24 Mar 2025  - Bill’s right to be heard was infringed: CPIB did not notify him of the 2025 extension application or share the report before the court granted it  - Court described these as "significant procedural lapses"        🔑 Why Funds Are STILL Not Released   Lapses ≠ automatic release — court ruled to keep all funds seized for another 12 months :   1. Bill has since received full opportunity to respond — got 2025 & 2026 reports, filed submissions, was heard  2. Most funds can reasonably be linked to identifiable criminal proceeds from Surya’s offences  3. Exception: ~US$8.66m (Citibank) — prosecution admits cannot presently trace to Surya-linked flows  - → Still remains seized because separate High Court proceedings are underway seeking restraint orders over the same funds  4. State Courts cannot override pending High Court proceedings — decision does not rule on the merits of those proceedings        ⏭️ Next Steps   - All S$140m remains seized for 12 more months  - Attorney-General’s High Court restraint proceedings are pending — hearing date to be set  - Judgment delivered 23 Sep 2026; published 3 Oct 2026         

Singapore Consumers Report Nearly S$6.7 Million in Prepayment Losses in Just 9 Months   👉 https://goodyfeed.com/singapore-consumers-report-nearly-s6-7-million-in-prepayment-losses-in-just-9-months/   Here's the full detailed report:       📊 Singapore Consumers Report Nearly S$6.7 Million in Prepayment Losses (Jan–Sep 2026)   Source: GoodyFeed / CASE statement — 5 Oct 2026    📈 Key Figures   - Total losses (Jan 1 – Sep 30, 2026): ~S$6.7 million  - vs full-year 2025: S$2.71 million → ↑147%  - Prepayment losses = money paid upfront for goods/services that could not be used, usually due to sudden business closure    🏋️ Fitness Closures — Major Driver   Sep 10–30, 2026 alone:   - 1,610 complaints = ~S$3.82 million  - True Fitness + True Yoga: 1,518 complaints / S$3.78 million losses — closed Sep 11  - Yoga Inc: 92 complaints / S$32,800 losses    ⚠️ Why Recoveries Are Hard   - Customers are treated as unsecured creditors in liquidation - They rank after secured lenders → may recover nothing or only a fraction  - CASE is helping consumers file claims/proofs of debt with liquidators    📢 CASE Proposes 3 Mandatory Safeguards   1. Mandatory cooling-off periods for high-value prepaid packages — penalty-free cancellation window  2. Compulsory CaseTrust accreditation for sectors with large/long-term prepayments (fitness, beauty, etc.) — requires prepayment protection, clear terms, fair refunds  3. Enforce wrongful trading investigations — especially where large sums collected shortly before collapse    🌏 International Benchmarks Cited   - Taiwan: Fitness firms must protect ≥50% of prepaid fees via trust accounts or guarantees  - New York: Health clubs need bonds/financial security; contracts capped at 36 months; cancellation window required  - Hong Kong: Proposed cooling-off periods + contract limits for beauty/fitness    💬 Statement   "Recent fitness closures and sharp rise in losses show limits of relying only on voluntary measures. Safeguards should be introduced promptly to protect consumers’ money." — Melvin Yong, CASE President