By Nisha Ramchandani
SINGAPORE - Remisiers are not the only ones less-than-enthusiastic about the Singapore Exchange's (SGX) proposal to scrap the lunchtime trading break. Food and beverage (F&B) outlets in the Central Business District (CBD) are also concerned that it could have an adverse impact on business.
'I definitely see it affecting my business in a negative way, especially if there is a trickle-down effect through the finance industry. I estimate it could hit our bottom line, cutting our lunch sales by 10 per cent,' said owner Howard Lo of the Standing Sushi Bar in OUB Centre.
According to Mr Lo, over 80 per cent of his business comes from the lunchtime crowd and at least 40 per cent of his client base is made up of people working in the finance sector.
The best way to tackle the change, should it come to pass, would be to set up a delivery service or establish tie-ups with brokerage firms as their catering partner, he reckons.