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Vihanya Rakshika

Correspondent

Vihanya Rakshika is a business correspondent at The Straits Times. Before joining the paper’s Business Desk, she spent six years covering breaking news and current affairs across local newsrooms, following a decade as an educator in public schools. Her main focus revolves around issues related to the running of a business in Singapore, which may include credit, financial distress, litigation and workplace disputes.

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Latest articles

Mary Chia insolvency proceedings dismissed, but $350,000 loan dispute remains unresolved

As part of these directions, Mary Chia transferred $651,498.97 to the court’s account on Oct 6.
As part of these directions, Mary Chia transferred $651,498.97 to the court’s account on Oct 6.

Former Cathay cinema operator mm2 Asia, subsidiary still owe over $219k in CPF arrears

Cinema operator mm2 Asia formerly operated Cathay Cineplexes, which ceased operations in Singapore on Sept 1, 2025, after its four remaining outlets closed amid mounting financial difficulties.
Cinema operator mm2 Asia formerly operated Cathay Cineplexes, which ceased operations in Singapore on Sept 1, 2025, after its four remaining outlets closed amid mounting financial difficulties.

Mary Chia admits disclosure lapses over CPF arrears at four subsidiaries after SGX queries

Mary Chia Holdings has admitted that it failed to disclose CPF arrears and court proceedings involving four of its five subsidiaries.
Mary Chia Holdings has admitted that it failed to disclose CPF arrears and court proceedings involving four of its five subsidiaries.

Foodcourt operator Singapura Heritage faces winding-up application from poultry supplier

The winding-up application comes after several companies linked to the Lao Huo Tang Group appeared in the State Courts over unpaid CPF contributions.
The winding-up application comes after several companies linked to the Lao Huo Tang Group appeared in the State Courts over unpaid CPF contributions.

5 Mary Chia companies owe close to $153,000 in CPF arrears

The companies made payments totalling $29,742 on Oct 7, a day before their court hearings, but substantial arrears remain unpaid.
The companies made payments totalling $29,742 on Oct 7, a day before their court hearings, but substantial arrears remain unpaid.

Lao Huo Tang, Kenny Rogers companies clear CPF arrears

The court heard that the CPF arrears for Kenny Rogers F&B and Kenny Rogers (Marina Square) were completely cleared as at Oct 5. 
The court heard that the CPF arrears for Kenny Rogers F&B and Kenny Rogers (Marina Square) were completely cleared as at Oct 5. 

British fashion brand NEXT loses bid to invalidate Singapore firm NEXTEVO’s trademarks

NEXT’s applications for a declaration of invalidity ultimately failed on all grounds, leaving both NEXTEVO trademarks registered.
NEXT’s applications for a declaration of invalidity ultimately failed on all grounds, leaving both NEXTEVO trademarks registered.

Operators of Lao Huo Tang, Kenny Rogers restaurants in court over outstanding CPF contributions

Kenny Rogers F&B owed $25,294 and Kenny Rogers (Marina Square) owed $2,236 in CPF contributions for June, July and August.
Kenny Rogers F&B owed $25,294 and Kenny Rogers (Marina Square) owed $2,236 in CPF contributions for June, July and August.

Companies in S’pore with over 200 employees must have certified HR professional from July 2028

The Government will support HR certification through subsidies and SkillsFuture credits, aiming to double the number of certified HR professionals to 18,000 by 2030.
The Government will support HR certification through subsidies and SkillsFuture credits, aiming to double the number of certified HR professionals to 18,000 by 2030.

Hao Open Foods to open up to 120 BHC Chicken outlets in Vietnam

Dining Brands, formerly known as BHC Inc, is headquartered at Lotte World Tower and is a major multi-restaurant company based in Seoul, South Korea.
Dining Brands, formerly known as BHC Inc, is headquartered at Lotte World Tower and is a major multi-restaurant company based in Seoul, South Korea.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.