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Sustained growth seen for SGX-listed F&B operators, says expert

Sustained growth seen for SGX-listed F&B operators, says expert
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From Serving Tourists to Serving Locals – The UrbanWire

Photo by: Beaulieu House Mr Lim Hock Lye, the owner of Beaulieu House, had no choice but to close his seafood restaurant completely during circuit breaker.  Located in Sembawang Park, Beaulieu House would often receive customers from travel groups before COVID-19. Furthermore, many major events like Chinese New Year reunion dinner would also be held there. When COVID-19 broke out, it took a toll on the restaurant. All Food & Beverage (F&B) outlets located in the park, including Beaulieu House, were unable to operate during circuit breaker when the National Parks Board (NParks) announced to close the entire park. It was hard on Mr Lim as he had to survive on zero income for two and a half months. Moreover, Mr Lim had to provide foreign staff housing allowance.

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