For months since the start of the circuit breaker period in April, firms in the construction, marine shipyard and process sectors have had to halt all work.
With revenues ceasing while they continued to pay salaries and other overhead costs, many firms had to dig into their reserves.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you