From July 22 onwards, Singapore will once again head back into Phase 2 (heightened alert) (Phase 2ha), just shortly after the previously Phase 2ha progressed into Phase 3 last month. This was due to recent spike in Covid-19 cases within the community, with several clusters emerging too. As at July 20, there were 195 cases in Singapore, with 182 locally transmitted cases.

After 16 months of a roller coaster pandemic crisis, businesses who have managed to survive thus far are burdened by the loss of revenue and their ability to sustain jobs and afford rentals, the two largest cost components of businesses in retail, F&B and services.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook