Fu Yu to continue Singapore operations during circuit-breaker period
Add BT as a preferred source
Claudia Chong
DeeperDive is a beta AI feature. Refer to full articles for the facts.
PRECISION plastic components maker Fu Yu Corporation will continue its Singapore operations during the circuit-breaker period imposed by the government, as it provides manufacturing services that are part of the essential supply chain.
The company said on Tuesday that it has received approval from the Ministry of Trade and Industry for an exemption of suspension of workplace activities from April 7 to May 4.
It has put in place remote working arrangements for certain functions that do not need to be performed on-site, and implemented safe-distancing measures for employees in the work premises.
Fu Yu has temporarily stopped contruction work on the redevelopment of its premises at 9, Tuas Drive 1 in view of the circuit-breaker measures.
Shares in the company closed at S$0.21 on Tuesday, up 1.1 Singapore cents or 5.53 per cent.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
