Getting out of the downturn this time around could be more difficult as it involves a major public health issue that is the Covid-19 pandemic, which has, together with other economic issues, impacted the economy not just in the country but globally.  Estimations on economic recovery range from months to years, and similarly, the property market would possibly enter into a down cycle before recovering.

During such unprecedented times, many in the food business in particular are quickly taking the delivery route for the first time.

This scenario, playing out in real time in front of our eyes, raises an important and very real question — can a person suspected of being infected with the COVID-19 virus, or someone who has had contact with an infected person, be compelled to be tested for the virus despite his reluctance or outright refusal?  

Essential services, which include supply of utilities, cleaning, security, sewerage, mechanical and electrical, must not be disrupted.

Hence, industry stakeholders must be adequately armed with proactive measures to keep the risk of virus exposure to a minimum, especially in premises such as shopping malls and office buildings where the public will access for essential services.

What then are the steps a developer can take in response to the difficulties it may face in meeting milestones, especially from restrictions imposed during the virus pandemic?

The deferment package allows small and medium enterprises (SMEs) and individuals to delay their loan repayments up to six months from April 1. The deferment includes conventional loans and Islamic financing repayment obligations (including mortgage loan and hire purchase loan), except for credit card balances.

Landladies Jennifer Wong and Cynthia Lim decided to reduce the rental fees to help their tenants get through this difficult time.

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Government has to engage with the industry more so now than ever to find ways to tide the nation and its people over this troubling time.

S. Saravana Kumar: The global economy, which was largely marred with the US-China trade war, was already sluggish even before the COVID-19 outbreak. Inevitably, the slowing global economy certainly has an impact on our country, which is one of the leading trading nations in this region.