SINGAPORE - Well-known karaoke chain Teo Heng may soon close half of its 14 outlets here as a result of Covid-19.
Mr Jackson Teo, founder of Teo Heng KTV, which operates the chain, told Shin Min Daily News it has been"very bad" for his business since entertainment venues including bars and karaoke outlets were ordered to be closed since late March to curb the spread of the coronavirus.The 62-year-old said:"Closing outlets is a very painful decision, but it is necessary.""I think this pandemic is a black-swan event out of our control.
It was able to stay afloat, Mr Teo said, because of assistance such as rental relief or wage subsidies through the Jobs Support Scheme. But he noted that such assistance might end soon. One of the chain's regulars, security operations executive Valerie Yeo, said she was devastated when she heard the news. The 25-year-old has been visiting its outlets every other week since she was 14.
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