Over 8,500 business entities close shop in April; highest in recent years

📆 11/05/2020 04:15:00
📰 BusinessTimes

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BTExclusive: Over 8,500 business entities close shop in April; highest in recent years

A total of 8,663 business entities closed in April - more than double the number of cessations in March, as the novel coronavirus pandemic continues to bite.A TOTAL of 8,663 business entities closed in April - more than double the number of cessations in March, as the novel coronavirus pandemic continues to bite.

In contrast, the number of business entities formed in April at 3,767 was the lowest since 2013. Figures for the...

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32 companies return Jobs Support Scheme payouts in April totalling S$35 millionSOME businesses in Singapore have decided to either return or donate the government payouts received from the Jobs Support Scheme (JSS), as a form of solidarity with the local community amid the Covid-19 outbreak. Read more at The Business Times. Let's honour these companies by having all their names published with permission on sph papers and websites.
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