Forum: Fall in revenues not reason enough for rental waivers

I do not support the new Bill that will be introduced in Parliament next week which, if passed, would compel landlords to grant rental waivers to their small and medium-sized enterprise (SME) tenants who have suffered a significant revenue drop in the past few months (New Bill could level playing field between landlords and tenants, May 28).

There are many reasons that could have led to a fall in revenues of SMEs and the pandemic could have been only one of them.

Revenues could have fallen due to mismanagement or deferment of sales, or the SME selling outdated or seasonal products.

Granting rental waivers also does not guarantee that the SMEs will not retrench their staff or reduce their staff's pay.

Cheong Wing Kiat

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