COVID-19: BACK TO PHASE 2 ·
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Businesses welcome fresh relief measures, but fear 'stopgap' help will come too late

Concerns linger over spectre of extended curbs; businesses may not survive more restrictions

Singapore

THE light at the end of the tunnel just got brighter for struggling businesses, as the government on Friday announced S$1.1 billion of support.

Still, moves such as enhanced Jobs Support Scheme (JSS) wage subsidies will only staunch the bleeding, watchers have told The Business Times.

Some operators also harbour doubts about the start-stop nature of the latest Phase Two (Heightened Alert) or P2HA restrictions, which run until Aug 18 and ban on dine-in services for the third time since Covid-19 hit.

Said Barclays economist Brian Tan: "As generous as these fiscal packages are, they only cover a portion - and not all - of the costs that businesses are incurring… Many businesses will likely...

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