18-year-old Thai Pan zhi char latest restaurant to bite the dust

ANOTHER local eatery is throwing in the towel at the end of this month. 

Thai Pan, which has been operating for 18 years, will be shutting in the weeks to come, according to Shin Min Daily News.

The Siglap eatery, located within Mandarin Gardens condominium estate, opened in 2003 and is popular for its big portion of fried rice which it sells from just S$4.80.

Thai Pan's 80-year-old owner said the restaurant has been hit hard by Covid-19 and despite negotiating for lower rent, business has still been poor and having to close down is akin to losing a child.

The news comes shortly after Swee Kee Eating House shuttered its outlet at Telok Ayer on May 30; and both restaurants join a list of brands in Singapore that have called it quits due to the Covid-19 pandemic or other issues. 

Located along Amoy Street for the past 26 years, Swee Kee has a history of more than 80 years.

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The group will now consolidate its resources to focus on its Ka-Soh brand, which has two outlets in Outram and Greenwood.

Other Singapore brands that have closed recently:

The Rice Table

The Indonesian restaurant at Orchard Road will close down, after 24 years in business, when its lease expires at the end of May. 

"Our lease expires at the end of this month and we have made the decision not to continue operating," it said in a Facebook post on May 19. 

Dimbulah Coffee

Dimbulah, a once rising star in Singapore's food and beverage scene, had planned to close three of its dozen-odd outlets by May 1 amid financial difficulties.

The coffee chain had liabilities of S$4.4 million as at end-2020, and had filed for restructuring. It was recently granted a two-month debt stay against creditors.

Naiise

The home-grown retailer is being wound up after years of late payments to vendors, whose stock it sold on a consignment basis.

Naiise founder Dennis Tay, who is also filing for personal bankruptcy, has blamed an untimely investment into opening Naiise's largest store in Singapore before the Covid-19 pandemic for the company's predicament.

But vendors, who are owed sums ranging from hundreds of dollars to five-digit figures, took umbrage, pointing out that payments had been delayed even before Covid-19.

Robinsons

The department store operator closed down for good around the end of 2020, after chalking up at least six years of losses against declining revenues.

Robinsons, which had been in business for over a century, had said that the changing consumer landscape made it difficult for the company to succeed over the long term, and that the pandemic has further exacerbated its challenges.

Sports Link

The sportswear retailer was forced to shut following an application by supplier Adidas Singapore to wind up the company over S$1 million in overdue trade payables. Sports Link, which had debts of at least S$3.4 million, did not oppose the move.

Sports Link had failed to pay Adidas in 2018, which suggests its cash flow problems arose before the Covid-19 pandemic. At one time, the retailer had about 24 outlets in Singapore, including brands known as ae by Sportslink and Hoops Factory.

Bakerzin

Home-grown restaurant chain Bakerzin went under liquidation last year, following losses since 2015, possibly due to rising rents.

Before that, Bakerzin had already reduced its physical footprint over the years. At one point, it operated out of 10 locations including Paragon, Northpoint, Jurong Point and VivoCity. But those were eventually reduced to five, which it shuttered last October.

China Club Singapore

China Club, a members-only club that had been a networking ground for many corporate executives, wound up last year after 19 years in business.

It had suffered years of losses amid stiff competition and rising labour and operating costs.

In its heyday, the club hosted foreign dignitaries, heads of government such as Singapore's late founding prime minister Lee Kuan Yew, and celebrities including Hong Kong actress Carina Lau.

Home-Fix

Local hardware firm Home-Fix, once a retail darling, closed for good in June last year after falling into debt amid high retail rents and changing consumer preferences.

The company had six months to restructure its debts and had plans to revive itself in a different form, but the Covid-19 pandemic put paid to these. Talks with potential investors had also failed to make headway because of the coronavirus crisis in 2020.