Eng English
China 中国人

Eng English
China 中国人
  • News
  • World
  • Business
  • Entertainment
  • Sports
  • Law
  • Education
  • Health
  • Lifestyle
  • Travel
  • Science
  • Digital
  • Automobiles
  • Trở lại Thể thao
  • Travel
Saturday, 13/6/2026 | 19:42 GMT+7

Thousands of restaurants close in the world's second-richest country due to low patronage

Despite being the world's second-richest nation, Singapore is witnessing a wave of bankruptcies among thousands of restaurants, attributed to high operating costs and a trend of tightening consumer spending.

Encore by Rhubarb, a casual French restaurant located on Duxton Hill, is among the latest establishments to announce its closure.

In an Instagram post on 26/5, chef Paul Longworth, 47, announced: "After 12 wonderful years, I have decided to close the restaurant." He stated that instead of sadness, pain, or anger, the decision brought him "a little relief" and a sense of pride for years of dedication and the affection received from diners. He declined to comment further to the media but added that he was "in the process of finalizing the closure".

Chef Paul Longworth poses at his restaurant in Singapore. Photo: ST

Longworth previously worked at Au Petit Salut in Singapore before opening the 20-seat fine dining restaurant Rhubarb in 2014. The restaurant earned a Michelin star in 2016, the year the Michelin Guide Singapore launched globally. In 2025, Longworth's restaurant lost its star after he transformed it into a more casual 32-seat establishment, serving a generous three-course lunch for USD 48 per person. Encore was previously named Best New Restaurant of 2025 by The Straits Times.

However, in a March interview, he stated that the shift to a more casual model required him to fill every seat. The restaurant often had empty tables, prompting Longworth to question whether he was still meeting market and diner demand.

Over the past two years, Singapore's restaurant industry has experienced significant setbacks.

The strong Singapore dollar makes overseas travel and spending more appealing. Residents are also tightening their belts amid global political and economic uncertainties, particularly following the Middle East conflict which began on 28/2. Additionally, Singaporeans face persistent challenges with high rent, and restaurant owners struggle with labor costs.

These factors have led to the closure of many restaurants across all segments. Recent closures include high-end establishments such as the Spanish restaurant Sugarra and the pastry chain Tarte by Cheryl Koh. Furthermore, casual venues like The Horse's Mouth bar and The Black Sheep French cafe have also ceased operations.

Upcoming closures include the traditional Wing Seong Fatty's restaurant and the Peranakan Nana Dolly's restaurant, both expected to close by the end of this month.

However, many other restaurants are still opening. According to statistics from the Accounting and Corporate Regulatory Authority, 1,436 new food and beverage businesses were registered from January to April, a 7% increase compared to the same period last year. Nevertheless, during the same four-month period, 1,267 businesses went bankrupt, nearly half of the total closures for all of 2025.

Magdalene Tang, 64, owner of Mag's Wine Kitchen on Neil Road, has known chef Longworth since 2009, when he arrived in Singapore to work.

She highly regards Longworth's culinary skill at Encore. "But we live in an era where people often value inexpensive and fleeting things more than those that are well-considered and enduring," she said.

Tang believes that restaurant closures do not reflect the chefs' talent but rather the current reality. The culinary industry is no longer vibrant but has become subdued and diminished due to numerous closures. Tang hopes this is not the final chapter for Longworth or the restaurant industry.

In 2025, Singapore was ranked the world's second-richest country based on gross domestic product (GDP) per capita, with USD 90,700, trailing Switzerland (USD 100,000). Norway ranked third with USD 86,000, according to a January ranking by the British economics magazine, The Economist.

Data from the Ministry of Manpower shows that workers in Singapore worked an average of 43.3 hours per week in 2024, equivalent to nearly 6.2 hours per day. In contrast, in Norway, the third-ranked country, workers averaged 33.2 hours per week, or more than 4.7 hours per day.

Anh Minh (According to The Straits Times, The Economist)

By VnExpress: https://vnexpress.net/hang-nghin-nha-hang-o-nuoc-giau-thu-hai-the-gioi-dong-cua-vi-e-5085419.html
Tags: Singaporean restaurant closures Singapore tourism tourists

News in the same category

Tips for passengers to quickly navigate airport security

Tips for passengers to quickly navigate airport security

Prioritize the left line, observe those ahead, and have all necessary documents ready to avoid lengthy delays at the security checkpoint.

Choosing mid-week getaways to save costs

Choosing mid-week getaways to save costs

Mid-week summer workations allow office workers to combine work and leisure, optimizing costs and avoiding crowded tourist destinations.

Beach bans bikinis for visitors

Beach bans bikinis for visitors

Many passengers on the Carnival Splendor cruise ship were surprised to receive a notice prohibiting bikinis or revealing swimwear when stopping at Lifou Island during an early june trip.

Radisson Blu Resort Phu Quoc: combining leisure travel with events

Radisson Blu Resort Phu Quoc: combining leisure travel with events

Radisson Blu Resort Phu Quoc is boosting its MICE segment, offering integrated solutions that combine conferences, team-building activities, and relaxation for business clients.

Halong search volume triples for summer

Halong search volume triples for summer

Halong and Da Nang are the two most searched coastal destinations by Vietnamese tourists for summer holidays, with interest increasing three times and 1,5 times respectively compared to the same period last year.

65-year-old banh cuon eatery honored by Michelin for 'good food, affordable prices'

65-year-old banh cuon eatery honored by Michelin for 'good food, affordable prices'

A 65-year-old banh cuon eatery on Dinh Tien Hoang street has been included in Michelin's "good food, affordable prices" list, with the owner's signature ao dai attire a notable highlight.

Vietjet offers 20% discount on various flight classes

Vietjet offers 20% discount on various flight classes

Vietjet is offering a 20% discount on deluxe, skyboss, and business class tickets until 31/8, alongside a more than 30% increase in domestic capacity for the summer season.

Tourists seek fireworks tickets for DIFF Germany and Macau showdown

Tourists seek fireworks tickets for DIFF Germany and Macau showdown

The fourth night of DIFF 2026 has drawn significant interest as the Germany and Macau (China) teams face off for the first time, leading to an early surge in demand for grandstand tickets ahead of the "Creativity" themed performance on the evening of 20/6.

Street vendor fined after charging foreign tourist 430,000 VND for 10 donuts

Street vendor fined after charging foreign tourist 430,000 VND for 10 donuts

A woman selling street food near Hoan Kiem Lake has been administratively fined 225,000 VND for overcharging a foreign tourist 430,000 VND for 10 donuts.

The Empyrean Nha Trang joins top 10% of favorite hotels on Tripadvisor

The Empyrean Nha Trang joins top 10% of favorite hotels on Tripadvisor

The hotel is among the top 10% of highly-rated accommodations globally on Tripadvisor and was honored with the Travelers’ Choice 2026 award.

Eng English
China 中国人
  • News
  • World
  • Business
  • Entertainment
  • Sports
  • Law
  • Education
  • Health
  • Lifestyle
  • Travel
  • Science
  • Digital
  • Automobiles
FPT Tower, 10 Pham Van Bach Street, Dich Vong Ward,
Cau Giay District, Hanoi, Vietnam
Email: contacts@vnportal.net
Tel: 028 7300 9999 - Ext 8556
Advertise with us: 090 293 9644
Register
© Copyright 2026 vnnow.net. All rights reserved.
Terms of use Privacy policy Cookies