The hawkers, coffee shop operators, the provision shop owners and now a medical doctor who is also a clinic owner told me they are not making money from their businesses. How can that be? Who is making all the money then?
I may be wrong but I think the landlords are the people who are making the money. I am not talking about the small timers but big ones like the HDB, URA etc. The business people I spoke to told me the rental of their places kept going up.
Not far from where I am staying, a huge foodcourt has closed down just last month. Business has been poor I was told.
The other issue I was told was the shortage of labour. Getting workers from overseas is expensive. The government would impose heavy levies if one were to import these workers. Plus, not all foreigners could come here and work. The types of businesses I am talking about require unskilled and semi-skilled workers eg: cleaners, cooks, receptionists and clerks etc. Singaporeans are choosy and would not want to be employed in positions that I've mentioned above.
I may be wrong but I think the landlords are the people who are making the money. I am not talking about the small timers but big ones like the HDB, URA etc. The business people I spoke to told me the rental of their places kept going up.
Not far from where I am staying, a huge foodcourt has closed down just last month. Business has been poor I was told.
The other issue I was told was the shortage of labour. Getting workers from overseas is expensive. The government would impose heavy levies if one were to import these workers. Plus, not all foreigners could come here and work. The types of businesses I am talking about require unskilled and semi-skilled workers eg: cleaners, cooks, receptionists and clerks etc. Singaporeans are choosy and would not want to be employed in positions that I've mentioned above.