The situation might be dire, but rather than wallow in despair, many artists here are keeping their music alive by taking their performances online.
Some, like jazz musician Jeremy Monteiro, have used their livestream performances to raise funds. His live broadcasts in the past week raised $2,680 in public donations for Jazz Association (Singapore), a registered charity.
Smoobar, a chain of bars offering live entertainment, has temporarily closed three of its outlets, but is still keeping its performers employed. They now perform at a local music studio, Jimmusic, and the gigs are livestreamed from Monday to Thursday nights, at 8pm, on Smoobar's Facebook page.
The musicians, who include Jerry Poh, duo Two Of Us and Juliana Lee, are paid $100 each for every 1½-hour set.
To encourage viewers to tune in, there are also lucky draws with prizes from online jewellery store Gold Online.
One of Smoobar's partners, Mr Hubert Ng, a musician himself, says he understands the predicament that his peers are in.
"I hope we can inspire other F&B establishments to find a way to support local musicians."
Some shows, such as the annual Earth Hour concert, which took place at Marina Bay Sands' Event Plaza last year, moved online this year, with musicians such as singer Nathan Hartono singing from their homes.
Hartono, 28, says livestream shows could become the new normal.
"We might have stumbled upon a new way to do shows and interactive content in the future."
Singer-songwriter Lincoln Lim had to ditch his plans to hold a launch concert for his debut EP, Gravity, at music venue The Music Parlour on March 26 even though he had already spent money on decorations and door gifts.
He also had to refund fans who had already bought tickets.