Businesses hope key Covid-19 support measures will continue in the short term

Businesses are realistic about the fact that Covid-19 financial support measures have to come to an end, but they are still hoping some key help will continue in the short term.

Dr Kevin Cheong, chairman of the Association of Singapore Attractions, said the rate at which the JSS is tapered off should be determined through an"equitable formula" that takes into account the maximum business capacity of an establishment amid Covid-19 curbs. While this extension will help those in the construction sector, many of which cannot restart work, he hopes such support can be given to other firms in a similar bind.

Mr Heng said support cannot be sustained at the same level indefinitely, and schemes will evolve and taper off as more sectors reopen. Without foreign travellers, for instance, the bulk of traffic for local attractions comes during weekends and holidays."We have to consider how to address trends like this when we think about how we reconfigure our businesses for the resident market," he said.

"For those who aren't doing well, there needs to be a pivot in support towards restructuring and transformation," Associate Professor Theseira said, adding that he hoped to see more such measures on top of broad-based wage support.

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