Singapore had a tough time with the coronavirus outbreak, which means the entertainment industry was hit hard. It was one of the first countries outside mainland China to confirm a COVID-19 case, recording its earliest case on Jan. 23, 2020, the same day that Wuhan, China, was locked down.
For a period, tiny Singapore had more cases than vastly larger Southeast Asian neighbors Indonesia and The Philippines, and months later Prime Minister Lee Hsien Loong admitted to shortcomings and missteps, and to “wisdom after the fact.” Instead, and boding well for future markets, the IMDA has busily rolled out measures to ensure that companies survive the storm.
While times are tough the government is to help companies cut their operating costs. Film exhibition and distribution license fees were waived starting April 17, both for new license applications and renewal of existing licenses. Classification fees for public exhibition and video distribution of films, video games and label fees are waived until further notice.
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