Daydreamer👍😲 4/sgnews
Singapore food suppliers face late payments, falling revenues as more restaurants close
Suppliers say customers are stretching payment terms from 30 days to as long as four months, putting their cash flow under strain.
www.channelnewsasia.com
Honestly just control rents. The rich already have so much cake already. Gov just gonna sit there and watch society fall apart and left propped up by a shell of rich investments and chain stores?
The issue is that the govt is part of the rich. Humans are naturally selfish. Nobody will ever say, "Alamak, I have too much cake. Can take some away from me, please?" Not the rich, and definitely not the poor.
Exactly the rent. The sacred factor in the equation that the news doesn't talk about.
buckfrog👍 2
I just want to add another perspective to what the others have pointed out, which are pertinent. We as consumers and residents can do more to support local businesses, especially the smaller establishments and hawkers. Yes it's a free market where survival is for the fittest, but it wouldn't hurt if we just give some some of them the benefit of even a little good will.
There's a spot in the middle of Holland V that has had its fourth restaurant in six months. First it was a steak frites place that was there for a relatively long time, which was replaced by a mookata place, then a noodle place and now an izakaya place is opening up. All within six months. Either someone is racking up a heap of debt, or they're using the spot to launder money.
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