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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

ChatGPT creator OpenAI loses bid to block Singapore start-up’s GemGPT trademark

OpenAI argued that “GemGPT” conflicted with its earlier registered trademarks, including ChatGPT and numbered GPT marks like “GPT-3”.
OpenAI argued that “GemGPT” conflicted with its earlier registered trademarks, including ChatGPT and numbered GPT marks like “GPT-3”.

MAS sets aside $30m to help insurers build expertise in funding major projects

MAS is also proposing changes to the capital insurers must set aside against investment risks, reducing requirements for investments where the risks justify this.
MAS is also proposing changes to the capital insurers must set aside against investment risks, reducing requirements for investments where the risks justify this.

These mid-career workers are back in class to learn AI. Is it paying off?

Many attendees at Vertical Institute’s AI workshops are mid-career professionals.
Many attendees at Vertical Institute’s AI workshops are mid-career professionals.

Singapore steps up support for start-ups to help turn breakthroughs into business

Minister for Energy, Trade and Industry (Energy and Industry) Tan See Leng speaking at the Singapore Week of Innovation and Technology (SWITCH) on Oct 28.
Minister for Energy, Trade and Industry (Energy and Industry) Tan See Leng speaking at the Singapore Week of Innovation and Technology (SWITCH) on Oct 28.

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. 

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