Starting May 8, tighter social restriction measures will be reimposed in Singapore to prevent the spread of COVID-19.
Decribed by Educaation Minister Lawrence Wong as a "return to phase 2," these restrictions are similar to the measures imposed between August 4 and December 27, 2020.UOB Global Economics & Markets Research Economist Barnabas Gan said this would not affect Singapore's GDP, provided that cases would not spike to the point that a circuit breaker needs to be reimplemented.
"The return to Phase 2 will likely have little impact on Singapore’s GDP growth in 2021. This is due to two reasons: there are no restrictions on business operations , while the return to Phase 2 will last for nearly three weeks," Gan said. Despite this, services and the food and beverage sectors could suffer from these measures, in light of the
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Softbank Corp invests US$60 million in Axiata's ADA unit for 23per cent stake - sourcesJapan's SoftBank Corp will invest US$60 million for a 23per cent stake in the digital analytics and artificial intelligence arm of Malaysian ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
'Cautious hugging' and pints: UK PM Johnson to ease England's COVID-19 lockdownBritish Prime Minister Boris Johnson will set out on Monday (May 10) the next phase of lockdown easing in England, giving the green light to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tennis: Serena ready to return for clay swing after intense trainingROME: Serena Williams will this week play her first match since her Australian Open semi-final exit in February but the American does not feel ... ⚠️ BREAKING NEWS ⚠️ 🗣 PROTESTS AGAINST SINGAPOREAN PETER LIM 🇸🇬 🇺🇸USA Today 🇬🇧Daily Mail 🇺🇸Washington Post 🇨🇦Yahoo 🌎Associated Press Singapore 新加坡
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Commentary: Workers only return to office for the friendships and fellowshipPersuading staff to return to the office, without sacrificing the inclusivity of Zoom and the advantages of working from home, is hard, says the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Golden Globes controversy: Tom Cruise returns trophies, NBC won’t air in 2022Following other celebrities such as Scarlett Johansson speaking up, Cruise returned the statuettes he won for Jerry Maguire, Magnolia and Born On The Fourth Of July.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
No 'festive vibes': Malaysians brace for another sombre Hari Raya amid nationwide COVID-19 lockdownFor the second year in a row, many Muslims in Malaysia are unable to “balik kampung” (return to hometown) and reunite with their loved ones.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »