Singapore’s ‘stingy nanny’ abates and outshines Hong Kong with rental relief to ease retail pain during coronavirus pandemic

Singapore was called a “stingy nanny” city state a decade ago, for a low welfare budget relative to its wealth as the world’s third-richest country. That stinginess is changing, as Asian retailers confront their worst business slump in decades in a time of the coronavirus pandemic.Since the government unveiled S$60 billion (US$42 billion) in stimulus package two weeks ago, an A-list of landlords – some of which majority-owned by state investment arm – have rushed to share the goodies with…

from South China Morning Post https://bit.ly/2Vh4fLl