Part 6/9:
Government rental relief and wage support schemes have alleviated some cash flow issues but have not fully addressed the larger problems of profitability and debt servicing. Sectors like construction, tourism, retail, F&B, and marine services continue to grapple with paying creditors, staff wages, and meeting contractual commitments.
Many businesses have been forced to rethink their viability, resorting to cost-cutting, pivoting online, or seeking new investors. When these strategies fail to produce sustainable results, some firms opt for liquidation to salvage remaining value in their assets, thus avoiding prolonged decline.