Full extent of Covid-19 damage will emerge after relief measures expire
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THE Covid-19 (Temporary Measures) Act will help to support some companies here that would otherwise not survive the extended impact of the virus fallout.
David Chew, partner at restructuring firm DHC Capital, says that the Act helps companies with liquidity problems to buy time to get through the crisis.
"This will just delay the day of reckoning. We refer to it in the market as 'kicking the can down the road'. These companies likely will need to be restructured and the level of support will likely not be enough."
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