F&B, retail firms hope for continued government support this year

Revenues remain below pre-Covid levels while costs of business continue to rise; many companies still not able to carry out their usual marketing activities to attract spending

Published Fri, Feb 5, 2021 · 05:50 AM

F&B

Singapore

WITH the waning of government support measures that kept many local companies afloat over the past year, firms in the retail and food and beverage (F&B) sector are bracing for things to get tougher before they get better in 2021.

Companies told The Business Times that they hope Budget 2021 will maintain some level of support for the sector, as revenues are still below pre-Covid levels while costs of business continue to rise.