She added that for fiscal 2019, Singapore contributed about 62.3 per cent of CDLHT's net property income .came in within expectations, OCBC noted, with NPI falling 1.2 per cent to S$38 million from a year ago, pulled down by lower contributions from CDLHT's overseas market, which more than offset the strong performance from its Singapore hotels.
Singapore Minister for Trade and Industry, Chan Chun Sing on Sunday said that the Wuhan virus outbreak is likely to have aon the world economy than the severe acute respiratory syndrome episode of 2003. The latest coronavirus outbreak has sickened over 17,000 people worldwide and killed over 360 at last count. This means its death rate remains at about 2 per cent compared to around 10 per cent during the 2003 Sars epidemic, though the Wuhan virus has sickened more people than Sars. Studies on how quickly it spreads remain inconclusive, with a commonly used measure - known as the basic reproduction number - being difficult to calculate.
The virus was first reported as a string of pneumonia-like cases in Wuhan in December, before the World Health Organization identified it in early January as a new strain of coronavirus. It has since spread to markets including Singapore, Malaysia, Taiwan, France, South Korea and Canada.
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