SINGAPORE (Apr 16): With the circuit breaker measures announced, non-essential workplaces have been ordered to close until May 4 to help contain the spread of Covid-19 in Singapore. Food establishments and hawkers will remain open but only for takeaway or delivery services.
In a Wednesday report, DBS Group Research lead analyst Alfie Yeo says, “This is positive for supermarkets and affordable mass-market foodservices outlets. As people are encouraged to stay home as far as possible, we expect retail spending on food staples to strengthen further.”
With the measures in place, there are much fewer people out and about in Singapore. The government reported that transport ridership and traffic volume has fallen by more than 70% since the start of the Circuit Breaker, with close to 80% of the workforce now working from home. There are reportedly fewer people outside as well, with 30-40% of individuals out on weekdays and only 20-30% out on the weekends.