The Straits Times
Novena Global Healthcare subsidiary founded by S porean Loh cousins shuts all its aesthetic clinics
The move came after the medical aesthetic chain of clinics said a lack of funds had led to doctors being taken off its roster, and some staff were unpaid.ST PHOTO: JASON QUAH
PublishedMar 16, 2021, 4:20 pm SGT
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SINGAPORE - A lack of funds at Novu Aesthetics, a chain of clinics run under a subsidiary of the troubled Novena Global Healthcare (NGH) co-founded by Singaporean cousins Nelson and Terence Loh, has led to doctors being taken off the roster, some staff left unpaid, and patients unable to book treatments.
Two of its six clinics, at Raffles City and Northpoint mall, have also permanently shuttered, The Straits Times has confirmed.
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SINGAPORE - Even as the Covid-19 pandemic ravages the economy, the number of people who were made bankrupt last year sank to the lowest in five years.
Bankruptcy orders tumbled more than 40 per cent to 965 from 1,645 in 2019. Figures from the Law Ministry s Insolvency Office website showed more than 1,600 bankruptcy orders were made annually between 2016 and 2018.
Experts said the drop in numbers could be due to the Covid-19 (Temporary Measures) Act and government support schemes which provided temporary relief for financially distressed individuals.
Lawyer Chia Boon Teck of Chia Wong Chambers said: Pre-Covid-19, the law allows a debtor 21 days to pay up on a statutory demand. However, the Covid-19 (Temporary Measures) Act 2020 extends the 21 days to six months. This in effect puts a five-month moratorium on outstanding debts.
The Straits Times
Terence Loh makes police report against cousin Nelson Loh over $5 million allegedly missing
Mr Terence Loh (left) made a police report on Dec 28 alleging a total of $5.25 million was transferred to Mr Nelson Loh s personal accounts.PHOTOS: COURTESY OF TERENCE LOH, ST FILE
PublishedDec 30, 2020, 4:30 pm SGT
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The Straits Times
Bellagraph: Firm achieves fame for Newcastle bid, then infamy over doctored images
2020 has been a year of upheaval and crisis - one that was shaped by the coronavirus pandemic. It also saw significant developments, such as a general election in Singapore and the United States electing its next leader. In this 12-day series, The Straits Times spotlights 20 words or phrases that defined 2020.
This image of former US president Barack Obama with (from left) Mr Nelson Loh, Ms Evangeline Shen and Mr Terence Loh was released by the Bellagraph Nova Group when it announced its Newcastle football club bid in August. It later emerged that the photo was doctored to superimpose the group’s name in the background and move Mr Terence Loh next to Mr Obama. PHOTO: BELLAGRAPH NOVA GROUP