The Business Times
business-time-50

F&B suppliers feel 'left behind', plead for support amid drastic fall in revenue

Published Thu, Jul 22, 2021 · 04:11 AM

    AS Singapore began a fresh round of Covid-19 restrictions on Thursday, one group of people - those working in the wholesale trade - seem to have fallen through the cracks when it comes to receiving government support.

    Many of them are struggling to hold out, with some experiencing a fall in revenue of as much as six figures every month.

    Clinton Ang, the managing director of Cornerstone Wines, told The Business Times that he has received no assistance at all since the dine-in restrictions started in May, with a revenue dip of over S$300,000 every month.

    Supply ChainRestaurantsF&BCovid-19

    TRENDING NOW

    Malaysian Chinese bag-maker Liew Bin now sees value in protectionist measures as low-cost competition from China threatens Malaysian small and medium-sized enterprises.

    Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing

    Just under two-thirds of affected homes are expected to be in London, according to estimates by estate agent Hamptons, and the government has said that it will use a home’s size and nearby sale prices nearby to judge the value of a property. 

    Britain’s mansion tax shows the difficulty of targeting wealth

    NUHS’ Ng Kian Swan says the projects that actually worked came from clinicians, nurses and infection-control teams sitting down with his team, not one department going it alone.

    Three hats, one goal: How Ng Kian Swan runs sustainability at NUHS

    Passenger cars have always been split into mass-market and premium COE categories, but commercial vehicles and motorcycles have not seen similar moves.

    COE review: The gap between luxury and mass-market cars isn’t the only one worth bridging 

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More