Thursday, November 09, 2017

Helping retail and food outlets

Many retail and food outlets find it difficult to survive due to high rentals.

I asked this question in The Wisdom of the Crowd - How can the government help the retail and F&B sector to cope with high rentals?

41% of the people who voted said - Do nothing. Let the businesses fail. The landlords will be forced to reduce their rental.

Another 12% said - Do nothing. Let the business upgrade and look for new businesses to survive.

This makes a total of 53%.

The remaining 47% like the government to step in and provide a rental subsidy or remove the property tax.

It is a difficult question for the government and for the public opinion. It will be tough and painful for the businesses and economy.

See the breakdown of the votes here:

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