To help restaurants in Singapore during this critical period, the Restaurant Association of Singapore (RAS) has reached out to landlords to write off their F&B tenants’ rent.
In a press conference today (Feb. 13), RAS praised Jewel Changi Airport for being the first establishment in Singapore to offer rental rebates to restaurants in the mall.
The mall has reached out to restaurant tenants to offer them a 50 per cent reduction on gross rent. This was done even before RAS reached out to Jewel Changi Airport.
This, according to Tan, will go a long way in “saving livelihoods of employees”.
“Their kindness will not be forgotten.”
In the meantime, Andrew Tjioe, President Advisor of RAS and CEO of TungLok, has said that his restaurants have avoided serving certain foods like raw oysters and sashimi.
Restaurants in Singapore have projected a dip in business since the first reported case of coronavirus, according to Vincent Tan, president of RAS.
This projection is based on both manpower cost and rental cost.
As a result of Covid-19, most businesses are anticipating more than 50 per cent loss of revenue over the next 3 months.
More at https://www.mothership.sg/2020/02/restaurant-association-singapore-coronavirus/
Thanks but no thanks.
What's that I am smelling......CapitaLand Malls RUNNING SCARED & GETTING DESPERATE????
Free but not really free, bloody insincere. Hope the retail shops at Jewel implode big time due to super poor sales.