Survival strategies for SMEs as Singapore moves from pandemic to endemic

SINGAPORE: The COVID-19 pandemic has battered many industries for more than a year, with some bearing the brunt more than others.

Now with two outlets of Ka-Soh Restaurants to run, its owners have since adapted to online food deliveries. They are also looking out for group buys, which have helped cover expenses. Mr Terence Yow, chairman of Singapore Tenants United For Fairness , said that frontline business margins are at best around 10 per cent, with 15 per cent in the best performing months.

While the government’s rental and wage support schemes have helped, cashflow remains an issue for many enterprises. “If they don't see the light at the end of the tunnel, putting the company into liquidation earlier can help to salvage whatever value there may still be in the businesses and the assets. The longer it drags on, the more the value in these assets will depreciate,” said Mr Loh.

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