Tax Relief

Many restaurant homeowners are demanding tax breaks

Compiled by C. ARUNO, XIAO TONG and R. ARAVINTHAN

MORE than 10% of restaurant operators have been forced to cease or permanently shut down due to the impact of the recent motion control order, China Press reported.

According to Wong Teu Hoon, president of the Pan Malaysia Koo Soo Restaurants & Chefs Association, MCO 3.0 was worse for operators because consumers could spend less.

He said business had declined to 30% of the pre-Covid-19 period in the first two MCO periods, but recently declined more than 15%.

“Traditional coffee shops are really bad. Most customers only go there for takeout.

“Hardly anyone orders more drinks,” he said.

Due to the sharp drop in sales, it was not worth staying open during the MCO, which is forcing many to temporarily shut down their business.

Wong said operating costs are a heavy burden for many restaurants, including rent, salaries and loans.

He called on the government to extend a moratorium on the repayment of interest to restaurant operators, offer additional tax breaks, and provide financial support to those on the verge of permanent closure.

> Hong Kong comedy legend Stephen Chow is confirmed to join Chinese streaming website Tencent Video as one of its producers, Sin Chew Daily reported.

In a video announcement on June 7, Chow stunned fans with his new short hairstyle before announcing his new partnership.

“Hi everyone! My name is Stephen Chow. I am excited to be working closely with Tencent Video on the production of online videos. I hope we can bring new and better content to everyone on this platform,” he said.

It was previously rumored that Chow was planning to work with Netflix on a new series called Monkey King, which is loosely based on the Chinese classic Journey to the West.

Tencent has not yet announced the films they are co-producing with Chow, best known for his slapstick humor.

The above articles were compiled from local newspapers (Bahasa Malaysia, Chinese and Tamil daily newspapers). Stories are grouped according to the respective language / medium. If a paragraph begins with a>, it means a separate message.

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