In order to have some semblance of credible retail, F&B and services business sectors left after this crisis, the alliance of frontline business trade associations is appealing to all Singaporeans, landlords and the government to work together for Singapore to emerge stronger.
From July 22 onwards, Singapore will once again head back into Phase 2 (heightened alert) (Phase 2ha), just shortly after the previously Phase 2ha progressed into Phase 3 last month. This was due to recent spike in Covid-19 cases within the community, with several clusters emerging too. As at July 20, there were 195 cases in Singapore, with 182 locally transmitted cases.
After 16 months of a roller coaster pandemic crisis, businesses who have managed to survive thus far are burdened by the loss of revenue and their ability to sustain jobs and afford rentals, the two largest cost components of businesses in retail, F&B and services.
