MICE companies struggling to survive, request more support
Without further help, more than half the companies in industry will go under if Covid-19 outbreak does not abate, says group
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Singapore
DESPITE increased financial support for businesses amid the novel coronavirus outbreak, companies in the meetings, incentive travel, conventions and exhibitions (MICE) ecosystem are still struggling to survive and dreading the end of the circuit breaker when wage subsidies for them will revert to lower levels.
Revenue has almost completely dried up for most organisers and suppliers to the MICE industry since February, when event cancellations began.
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