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It is not unusual for nationalist fervour to override economics in the search for quick fixes. Here's why this would be folly when it comes to airline and hotel rescues.
SINGAPORE: Thailand shares climbed nearly 2% to hit their highest in more than five months on Monday, leading broader gains in emerging Asian stock markets, while Singapore stocks were lifted by better-than-expected third-quarter GDP numbers.
SINGAPORE, Nov 23 (Reuters): A delay to Asia's first travel bubble between Hong Kong and Singapore has hit the shares of their flag carriers and highlighted the challenges facing the global travel industry as it tries to rebound from the pandemic.
SINGAPORE Nov 23 (Reuters): Singapore shares climbed over 1% to a more than eight-month high on Monday after GDP data showed the economy is set to return to growth next year, while broader emerging Asian markets were lifted by hopes for imminent coronavirus vaccines.
HONG KONG/SINGAPORE, Nov 23, 2020 (AFP): Asian markets mostly rose again Monday but investor sentiment remains divided between optimism over vaccine developments and concern about surging virus cases around the world.
SINGAPORE (The Straits Times/ANN): Travellers who were scheduled to take the inaugural flight between Singapore and Hong Kong under the air travel bubble arrangement on Sunday were disappointed after the bubble was postponed on Saturday (Nov 21).
NEW DELHI, Nov 21 (Reuters): Vistara, an Indian full-service airline owned by Tata Group and Singapore Airlines , is considering starting direct flights to the United States as the Covid-19 pandemic increases demand for non-stop travel, a senior executive has announced.
HONG KONG (Reuters): Hong Kong reported a spike in daily coronavirus cases to 26 on Friday (Nov 20), two days before an arrangement with Singapore to allow a limited number of passengers to fly both ways without having to go through quarantine kicks in.
SINGAPORE, Nov 20 (The Straits Times/ANN): Singapore's Changi Airport will open up further to transit passengers, with Jetstar Asia on Friday (Nov 20) announcing that those on its flights from six South-east Asian cities will be able to transit via Singapore to other destinations from Dec 1.