COVID-19 Budget measures 'welcome', but may not be enough to save F&B sector: Business owners

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 66%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

SINGAPORE: Where there used to be crowds of office workers and tourists, lunch hour along Jalan Pisang was quiet on Friday (Mar 27), as fears over ...

SINGAPORE: Where there used to be crowds of office workers and tourists, lunch hour along Jalan Pisang was quiet on Friday , as fears over the spread of COVID-19 kept diners away.

Lina's Cafe's revenue has fallen over the past two weeks, as the Government announced stricter safe distancing measures for F&B and retail outlets. Mr Vincent Tan, president of the Restaurant Association of Singapore, also said that the wage support was"very much welcome and appreciated" as it would help alleviate"one of the main cost components in an F&B business".

“F&B is heavily reliant on foreign manpower … Probably they could have done more in that aspect, such as loosening their hold on the quota or something to help with the foreign worker levy,” he said.But the biggest challenge for the F&B sector is negotiating rent with landlords, owners told CNA. Mr Dylan Ong, who owns French restaurant The Masses, has not received any rental rebates from his landlord either, although he said they were"open" to negotiation."I have been actively trying to get them to hear me ... I'm glad my landlord is open to the idea. But they're not sure if the 16 per cent tax rebate is applicable to everyone.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

As they say, there is no free lunch 🙄

all die .... unprecedented , more will go bust , never before

$ always not enough. Who will say enough?

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

COVID-19 Budget: Income tax payments for companies, self-employed people delayed for 3 monthsSINGAPORE: Companies and self-employed people will get an automatic deferment of income tax payments for three months, announced Deputy Prime ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »