READ: Solidarity Budget: Singapore spends another S$5.1b to save jobs, protect livelihoods amid impending circuit breaker rules
Singapore has released four Budget packages aimed at mitigating the impact of COVID-19 on the economy and helping businesses and workers. The Government will spend a total of S$93 billion on these measures. “We are able to receive rental rebates that could relieve some of our heavier costs temporarily,” the spokeswoman said in response to queries from CNA.. The US unit would close unprofitable stores and renegotiate rents in the US, where its 18 stores have been closed since mid-March due to the pandemic, Ryohin Keikaku said then.The Singapore spokesperson said Ryohin Keikaku voluntarily filed for protection for the US arm to ensure “future health, growth and viability of the company”.
Ryohin Keikaku does not plan to submit similar applications in other countries, the spokeswoman said. “We would like to assure all of our corporate and media partners that the business operations in Muji Singapore and Muji Malaysia will be as usual,” the spokesperson said.The Singapore business was affected by the COVID-19 pandemic and theAs the firm could not operate its stores during the circuit breaker period “our income, needless to say, was zero”, she said.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessTimes - 🏆 15. / 51 Read more »