Covid-19

[dreamybear]

Given the slowdown wld probably have started after CNY this year, I think the survey results are realistic - restaurants wld likely have their reserves depleted in 6 mths(notwithstanding govt / landlord help). Some eateries may already have been somewhat affected since Feb 2020.

Side note : I am sceptical whenever I read abt business owners claiming they cannot survive short term closure(e.g. 1 - 2 months), that wld mean their business are not sustainable in the first place. I mean, which rationale businessman wld not have spare cash to tide over emergencies ?  

It seems offering delivery/take-away does not help much - I guess when we dine in a restaurant, other than being able to consume the freshly prepared food, we are also paying for and enjoying the ambience/service/experience. It is somewhat different when we take-away, something feels missing, the prices are also not very affordable.

Coronavirus: More Singapore restaurant closures and layoffs to come, Chope survey finds
"...The survey reported that 42 per cent of restaurants, or about two in five, said they would not be able to operate beyond two months at the current rate of cost and revenue, while 81 per cent said they cannot survive beyond six months..."
https://www.straitstimes.com/business/ec...rvey-finds