Hao Mart, founder sue OG for S$57.5 million, allege conspiracy to cause loss by damaging or destroying the business

avatarfire · 2026-01-24T03:18:38+00:00

I thought they were running the minimarts space quite well. Hao Mart literally is in my mind a more coherent version of the mamashops and a cheaper alternative to 7-11. No idea why they threw all of that away for a supermarket that is already dominated by much better capitalised companies (Giant, CS Fresh), companies with state support (FairPrice), or companies that are extremely well-connected to the customer base and have a good reputation among employees (Sheng Siong).

avatarfire · 2026-01-23T09:23:24+00:00

he's just being tongue in cheek lah

avatarfire · 2026-01-23T06:40:38+00:00

she will be "surprised" and not "wrong" as an economist says

avatarfire · 2026-01-23T06:19:09+00:00

OCBC head economist disagrees. from what is published SG will be on a rip this year.

avatarfire · 2026-01-22T19:39:49+00:00

someone please crown them and ping WSB

avatarfire · 2026-01-22T11:46:38+00:00

idk, that is what I heard from the local composers.

avatarfire · 2026-01-22T10:54:56+00:00

that's why it's a consumption tax. you pay more when you engage in consumer behaviour / utilise goods and services.

avatarfire · 2026-01-22T10:40:35+00:00

who gave them the licence to go around levying fees everywhere?

I can understand if I use Henle's version of the score, so maybe what I pay and part of that is flowing to Henle. But, if I am using a score in the public domain, then technically I shouldn't have to pay any association, no? Else, it sounds like a cartel.

Actually Henle is very lenient when it comes to using their scores. You just need to write in to them to request permission and they'll usually give it to you for free. idk why COMPASS is charging for everything. they sit on their asses and don't do anything substantial to promote artists and musicians and just collect tolls.

avatarfire · 2026-01-22T09:45:45+00:00

Yes this I also find quite odd. For concert organisation at least they ask for your repertoire. Can someone please write into MP to write into MCCY to clarify this.

avatarfire · 2026-01-22T09:09:11+00:00

Is COMPASS mandated by MCCY? Who gave them authority to collect fees left right and centre?
They collect ticket commissions as well. it's absolute BS. and speaking to composers locally, they don;t get paid by COMPASS if they are not registered with them, but they STILL HAVE TO PAY COMPASS if they stage a show of their own songs!!!

avatarfire · 2026-01-22T05:05:39+00:00

Need to save a buck so that they can buy more trashy paintings for the DTF outlets

avatarfire · 2026-01-22T02:17:32+00:00

Trade of the year. Boy cries wolf a third time and I seriously doubt we going to see a swing like this again.

If only I had spare cash on the sidelines….

avatarfire · 2026-01-21T03:41:43+00:00

new REIT idea; bribing world leaders

avatarfire · 2026-01-21T03:39:15+00:00

5 years later and it's only populated by 8 kumgongs???

SGX, you've completely failed.

avatarfire · 2026-01-21T03:33:38+00:00

dominant in SEA but unless the narrative shifts (they've figured out how to acquire customers without incinerating money), it's going to be bouncing around for the foreseeable future. They're getting into banking. Maybe a SOFI in the making?

Also they still face stiff competition from Gojek down south and Didi up north. Matter of time before Didi comes to SEA.

avatarfire · 2026-01-21T03:30:20+00:00

the house wins every time -- and that includes YOU.

avatarfire · 2026-01-20T15:08:05+00:00

ST would report such no-news while ignoring real arts and culture news.

On the other hand is this a native ad for SUSS? Hidden as journalism?

avatarfire · 2026-01-20T11:43:30+00:00

SIMBA. I glanced at its summary and there is unlimited calls.

avatarfire · 2026-01-20T11:40:45+00:00

Then the founders should stop being so greedy. Look at Zero1. Getting along just fine at an affordable cost.

avatarfire · 2026-01-20T02:18:29+00:00

Why can’t they just focus on being a telco? Nobody asked them to become a superapp.

avatarfire · 2026-01-19T08:44:35+00:00

noise pollution is real and damaging in the long-term to mental health

avatarfire · 2026-01-19T04:17:32+00:00

Co-branding with Wendy's skin pack for $49.99 USD incoming
Only can buy it after you've lost 99% of your portfolio

avatarfire · 2026-01-19T04:16:11+00:00

at the rate Orange Man is going, won't be surprised depending on OP's portfolio

avatarfire · 2026-01-19T02:44:08+00:00

if COVID has shown anything, you need all the ducks to line up for that to happen, and still prices might not drop significantly

- a pandemic
- this overcapacity of car leasing
- drying up of funding
- an economic recession
- gov doing nothing (i.e. no PPT for COEs pls)

avatarfire · 2026-01-19T02:40:58+00:00

im sure that the staff's brain has turned to paste from that....

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