Tag: moneylenders

1,700 people fall prey to loan scams with losses amounting to S$6.8 million in...

Singapore—There were 1,700 reported cases of loan scams from January to November 2019. Victims lost about S$6.8 million from the scams. According to the Straits...

Johor loan sharks targeting Singapore workers jailed

Johor Baru — Loan sharks are targeting workers in Singapore and charging interest rates of 24 percent to 60 percent per year. After a series...

Domestic helpers need not get employers’ permission before taking out loans: MOM

Ministry of Manpower (MOM) Senior Parliamentary Secretary Low Yen Ling has expressed that there are no plans to require foreign domestic workers to get...

Maid uses employer’s address and contact to borrow from loansharks, employer gripes that police...

Netizen Ironman Apek took to the Facebook page Complaint Singapore yesterday, September 10, to complain about his domestic helper, who had used his address...

Money-lending: a blight in the heartlands

The problem with moneylending in the heartlands is that the lenders are there in such large numbers. Will “regulating” these monleylenders cut down the numbers?...