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21-07-2021, 04:59 PM
https://www.straitstimes.com/business/ec...riums-amid
Several business associations have called for help in areas such as rental relief, wage support and loan moratoriums as Singapore tightens measures amid a resurgence in Covid-19 infections in the community.
The Alliance of Frontline Business Trade Associations on Wednesday (July 21) outlined these three means through which it seeks support to ensure the sustainability of businesses in the retail, food and beverage (F&B) and services sectors.
It appealed for landlords to provide rental rebates commensurate with the revenue impact when the tighter restrictions are imposed. It also seeks wage support from the Government to help businesses keep as many jobs for Singaporeans as possible.
Lastly, it asked for bank loan principal moratoriums to be extended to June 2022.
The statement from the alliance came a day after Singapore announced that it will revert to phase two (heightened alert) from Thursday till Aug 18.
Under these measures, dining in at food and beverage establishments will be banned, with operators allowed to offer only takeaway and delivery services.
Operating capacity for malls will be cut, from a maximum occupancy limit of 16 sq m of gross floor area per person to 10 sq m per person.
A support package for businesses and workers affected by the heightened alert phase from Thursday is in the works and details will be announced soon, Finance Minister Lawrence Wong said in a Facebook post on Wednesday.
The alliance consists of the Association of Small and Medium Enterprises (Asme), the Restaurant Association of Singapore (RAS), Singapore Retailers Association (SRA) and Singapore Tenants United for Fairness (SGTUFF).
At a virtual press conference on Wednesday, SGTUFF chairman Terence Yow said that there has been "very sporadic and selective help given by landlords", and that the last time significant help was extended was last year when it was mandated by the Government.
Several business associations have called for help in areas such as rental relief, wage support and loan moratoriums as Singapore tightens measures amid a resurgence in Covid-19 infections in the community.
The Alliance of Frontline Business Trade Associations on Wednesday (July 21) outlined these three means through which it seeks support to ensure the sustainability of businesses in the retail, food and beverage (F&B) and services sectors.
It appealed for landlords to provide rental rebates commensurate with the revenue impact when the tighter restrictions are imposed. It also seeks wage support from the Government to help businesses keep as many jobs for Singaporeans as possible.
Lastly, it asked for bank loan principal moratoriums to be extended to June 2022.
The statement from the alliance came a day after Singapore announced that it will revert to phase two (heightened alert) from Thursday till Aug 18.
Under these measures, dining in at food and beverage establishments will be banned, with operators allowed to offer only takeaway and delivery services.
Operating capacity for malls will be cut, from a maximum occupancy limit of 16 sq m of gross floor area per person to 10 sq m per person.
A support package for businesses and workers affected by the heightened alert phase from Thursday is in the works and details will be announced soon, Finance Minister Lawrence Wong said in a Facebook post on Wednesday.
The alliance consists of the Association of Small and Medium Enterprises (Asme), the Restaurant Association of Singapore (RAS), Singapore Retailers Association (SRA) and Singapore Tenants United for Fairness (SGTUFF).
At a virtual press conference on Wednesday, SGTUFF chairman Terence Yow said that there has been "very sporadic and selective help given by landlords", and that the last time significant help was extended was last year when it was mandated by the Government.
