Retail Food Establishments Which Ceased Operations After Five Years or Less That Have Recorded Profit

71 Mr Foo Cexiang asked the Deputy Prime Minister and Minister for Trade and Industry with respect to retail food establishments that ceased operations after five years or less in 2025 to date, what is the proportion that have never recorded a profit based on any of their annual tax declarations.

Mr Gan Kim Yong: 63% of retail food establishments¹ closed between 1 January to 23 October 2025 had been registered for five years or less². Of these, 82% had never recorded a profit in their annual tax declarations.