Singapore's restaurants and bars are being flooded with reservations as curbs ease

Restaurants and bars in Singapore are seeing reservations jump after the government said it would allow larger gatherings and permit alcohol to be sold later in the night. —Restaurants and bars in Singapore are seeing reservations jump after the governmentWithin 15 minutes of last week’s news that rules would be eased,

“It’s definitely the right time to reopen,” Chua said. “We have seen other countries reopening, and, when we heard the news that curbs would be eased, the reaction for us was elation.” The country’s benchmark Straits Times Index has jumped more than 10% this year as investors pile into cyclical shares on expectations of further reopening and greater demand for goods and services domestically and globally, given the export-oriented nature of the economy. The gauge is the best performer in Asia Pacific, with the regional measure MSCI Asia Pacific Index down 7%.

From Friday, fully-vaccinated people from all parts of the world can visit Singapore by air or sea without undergoing quarantine or testing on arrival. Other countries in Southeast Asia, including Thailand and Malaysia, are taking similar steps.

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