Justme.findingmyself
Region: SG
Thursday 29 October 2026 06:15:17 GMT
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A :
and there have been companies with foreign directors, exploiting government grant schemes by submitting fabricated documents and false information to obtain substantial amounts of public funding over the years. The schemes provided grants of up to $200,000 to help businesses upgrade their technology, purchase equipment and improve productivity. I seen these companies worked with overseas equipment suppliers to produce inflated invoices for grant applications. The government would then subsidise the purchases based on these inflated figures, while the actual machines supplied could be significantly cheaper and of much lower value. Years later, some of these machines would simply be sold off as scrap. Just imagine how much public money could have been siphoned into private pockets under the guise of upgrading Singapore’s industries and technology. The bigger question is: where were the checks and controls? How could such questionable documents, inflated invoices and suspicious transactions go undetected? We could be talking about millions of dollars in public funds being misused. It is not just a question of grant abuse; it raises serious concerns about the effectiveness of government oversight and accountability. And the problem is there is no more true meritocracy in the government since Lee Hsien Loong and people who know nothing, can do nothing and don’t bother about result are all put in the critical roles of the government today!
2026-10-31 15:43:58
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Raven man in his 50s :
But for pet industry which I’m in is not easy . First we need to go school for a week ( Monday to sat 9am to 5pm ) then we need to go for test and interview then we need to renovate the petshop to let them inspect ( takes about 4 to 5 months ) during that period we are still paying rent without even starting biz
2026-10-29 06:59:26
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大大貓🐯 :
“What can be done to protect honest sheep？”😳 …. Freudian slip😅
2026-10-29 13:35:15
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Auron FFX :
Singaporeans are sheep...ah now I understand why 65% like white color😁
2026-10-30 04:14:57
0
Alice :
does anyone dare to name these Phoenix Companies?
2026-10-30 06:23:59
1
tipofthesouth :
🐑 meh...
2026-10-30 09:40:08
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Naam Naam :
👍❤️🙏
2026-10-29 14:52:39
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luckymodena :
it all depends on the industry vertical when one setup a company in sg and some are more regulated but those you mentioned are general services
2026-10-30 02:02:49
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Raven man in his 50s :
Very true but maintaining a business is not easy .
2026-10-29 06:56:01
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johnlee7261 :
cheap better faster is what pap promoting. that's why this mindset policy are failing. a lot of businesses is failing due to this.
2026-10-29 07:51:05
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user9466317817977 :
Most s’poreans are spineless
2026-11-01 05:34:28
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食神 :
This is a good content, may I also add in used-car dealers is also one. The holy trinity which comprises used-car dealers, contractors and ID companies. Not slamming everyone in the trade but there are bad sheep taking advantage of those sheepish honest clients. Like what you say, close shop and run, civil suit to claim get awarded but then their assets would have moved and also frozen if undergoing receivership. The time spent on implementing BCRS could have been spent on forming a few task forces to solve this once and for all.
2026-10-31 06:28:01
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causeway Sailor :
.
2026-10-29 06:19:59
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° 𝕤𝕙𝕖𝕝𝕕𝕠𝕟 ♢ :
Cotton Wool comes from Sheeps. Minister Chan Chun Sing says we don’t have enough sheeps in singapore so all logic stops there.
2026-10-30 13:15:05
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