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A woman jogs past the encircled Merlion Park on June 12, 2020 in Singapore.
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Singapore – Singapore standard Straits Times Index It closed 2.18% lower on Friday after the government announced further tightening of Covid-19 restrictions and the possibility of postponing the air travel bubble with Hong Kong again.
The Singapore government said it was “very likely” to be a dossier Bubble travel with Hong Kong It won’t start on May 26 as planned. This comes at a time when the Southeast Asian country has tightened measures to limit the rise in local cases of Covid virus, including stopping all dining services and limiting public gatherings to two.
The air travel bubble between Singapore and Hong Kong would have allowed travelers to bypass the quarantine. It has experienced multiple delays from its initial launch date in November 2020 as Hong Kong reported a resurgence of Covid-19 cases.
Both Singapore and Hong Kong are major business centers in Asia without domestic air travel markets. The tourism and aviation industries, which depend heavily on international travel, have been hit hard by the epidemic.
Singapore’s Transport Minister Aung Yi Kong said Hong Kong is now a “very safe area”, with few new cases of COVID-19 every day. However, infections in Singapore are on the rise and the debtor country will likely not meet the threshold to start a travel bubble.
Singapore and Hong Kong previously agreed to suspend travel arrangements if the number of unrelated domestic Covid cases in either city exceeds five on a seven-day moving average basis.
In an initial update The Singapore Ministry of Health said on Friday that it had confirmed 52 new cases of COVID-19. Of the cases, 24 were locally transmitted infections – four of which were not related to previous cases.
The latest figures bring the number of cumulative confirmed infections in Southeast Asia to more than 61,500, according to Ministry of Health data.
Meanwhile, Hong Kong on Friday One case was imported, Bringing the total number of confirmed or probable infections to 11,819 since the outbreak of the outbreak, Official data showed. The city has recorded 210 deaths, according to the data.
Ong said he had spoken with Edward Yao, Hong Kong’s Minister of Trade and Economic Development, about Singapore’s COVID-19 situation. Ong said the two sides will make a decision early next week on whether to go ahead with launching the air travel bubble.
The Singapore government has also announced that there will be more Covid-19 restrictions starting this weekend after a spike in domestic infections. The measures will take effect from Sunday to June 13th.
The new measures include:
- It is forbidden to eat in food and beverage establishments;
- Smaller social gatherings: a maximum of two people are allowed, from the previous five;
- All workers who can work from home must do so.
Lawrence Wong, Singapore’s education minister and co-chair of the Covid task force, said the government will review measures midway – or about two weeks later – to see if there is a need to amend them.
Yu Liuqing, a country analyst with the Consulting Economic Intelligence Unit, said in a note that the tightening “will effectively freeze the recovery of private consumption in the short term.”
He added that the Singaporean economy in general will not contract unless another round of lockdown – locally called “circuit breaker” – is imposed for an extended period of time.
Before Friday’s announcement Singapore has already tightened its restrictions. These measures began the previous weekend and included pre-event testing for large gatherings and the closing of some indoor gyms.
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