Coronavirus: Rental waivers, wage subsidies help F&B group stay afloat

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It has been a year of both highs and lows for Mr Indra Kantono.. Read more at straitstimes.com.

Last month, cocktail bar Jigger & Pony, which he co-founded with his wife Gan Guoyi in 2012, clinched the top spot on Asia's 50 Best Bars list for the first time. But the bar remains shuttered, as are four other venues under his food and beverage group.

A combination of rental waivers and the Jobs Support Scheme enabled him to retain all local staff without cutting their basic salaries. His company will be getting 50 per cent wage subsidies under the JSS from this month, and has committed to no further layoffs due to Covid-19. Starting this month, staff will no longer have to take unpaid leave. Only senior management staff are affected by ongoing pay cuts, with Mr Kantono himself continuing not to draw a salary until the restaurants reopen.

In fact, he plans to hire more people in design, engineering and procurement to meet the company's manpower shortage. "It is companies' job to take action and create more sales. If everyone starts spending money, business will go back to normal quickly."

 

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