Amid fears of 80% revenue loss due to COVID-19 outbreak, restaurants hope for rent rebates | Video
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Amid fears of 80% revenue loss due to COVID-19 outbreak, restaurants hope for rent rebates | Video(Updated: )
Restaurant operators in Singapore are bracing for a significant hit on their revenue - with some expecting as much as an 80 per cent drop - over the next three months as tourists stay away and locals avoid public places amid the outbreak of a deadly novel coronavirus.
To avoid “a big collapse” in the food and beverage (F&B) industry, the Restaurant Association of Singapore (RAS) said on Thursday (Feb 13) that it has written to 24 major shopping mall landlords requesting for a temporary cut in rent.
Gwyneth Teo reports.