Alvin Tan on tracking F&B closures
Between 2015 and 2025, there has been a net increase of 42 per cent in the number of food and beverage (F&B) entities, with formations outpacing cessations in most years. Minister of State for Trade and Industry Alvin Tan, who gave this update in reply to an MP’s questions in parliament on Wednesday (Feb 4), said the government values Singapore's local heritage and takes steps to preserve and sustain it in the F&B landscape.
Between 2015 and 2025, there has been a net increase of 42 per cent in the number of food and beverage (F&B) entities, with formations outpacing cessations in most years. Minister of State for Trade and Industry Alvin Tan, who gave this update in reply to an MP’s questions in parliament on Wednesday (Feb 4), said the government values Singapore's local heritage and takes steps to preserve and sustain it in the F&B landscape.
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