top of page
  • Writer's pictureK

Three months on...

Footfall has improved since circuit breaker in June. It's nowhere near pre-COVID levels but still it's better than none. Everyone is masked up except for those who are eating or having a coffee like me. The tables are now more widely spaced - which I'd always thought it should be that way. On the face of it, everyone seems to be getting used to the new normal.

It's good to see some activity in the malls. It implies that the office crowd is back and that in turn drives the F&B businesses. It keeps people employed and keeps the economy running.

Generally speaking, this crisis is somewhat different from the 2008 financial crisis.

In theory, some jobs should only be more directly impacted than others, particularly those in the travel and tourism sectors. And savings from non essential travel should technically allow businesses to sustain operating expenses and maintain headcount.

That said, as companies today have largely regional / global operations, and are significantly reliant on travel, the entire economy takes a hit. The lack of inter-city commute provides a good 'excuse' for many decision makers to withhold aggressive marketing and expansion plans, creating a further drag on revenues across the entire value chain.

I imagine that the uncertainty can be unnerving. For now, let's all sit tight and I'll check back again in another three months.



Sunday, October 23, 2022

Our lack of understanding in how different countries are being governed are rooted in bias, largely based on what we are familiar with...

Thursday, October 6, 2022

Whenever I approached the close of my financial modelling course, I always did a simple roll-call to call for feedback from everyone in...

Sunday, October 18, 2020

In 1990, a psychologist quoted in the New York Times reported that people “turn on the TV when they feel sad, lonely, upset or worried,...

Thursday, July 23, 2020

IB isn't just about getting through the gruelling late nights and delivering on the number crunching. It was also about the harsh and...

Saturday, July 4, 2020

There’s nothing you should regret in life - all the good things that you have today are a result of everything that has happened....

Wednesday, December 31, 2003

Learning, knowledge and staying up to date with the news and what's going on in the world is your own personal responsibility. The same...


  • My LinkedIn Page


Subscribe to receive updates

Thanks for subscribing!

bottom of page