Consumer-facing sector sees little upside from tech boom as inflation persists
Singapore's Dan's Steaks restaurant chain is set to close in the coming months: The owner citied rising operating costs as the reason for shutting down the business. (Photo by Dylan Loh)
DYLAN LOH
October 20, 2026 11:16 JST
SINGAPORE -- Dan's Steaks, a restaurant chain run by former radio DJ Daniel Ong that survived the COVID-19 pandemic serving up succulent cuts of beef to hungry customers in Singapore, is being humbled by another force beyond its control: inflation.