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Break-even still not in sight for F&B outlets despite spike in takeaways

Some have had to offer discounts while paying hefty charges to delivery platforms

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TungLok CEO Andrew Tjioe says his margin is further squeezed by the 30% commission charged by delivery platforms, which is why he prefers customers to pick up the orders themselves.

Singapore

SOME listed food and beverage (F&B) players have seen a spike in delivery or takeaway volumes as a result of the "circuit breaker". But they claim the rise is nowhere near enough for them to break even.

Andrew Tjioe, chief executive officer of TungLok Group, told The...

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