Amid fears of 80% revenue loss due to COVID-19 outbreak, restaurants hope for rent rebates | Video
13 Feb 2020 11:27pm
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.