travel restrictions

The quotas and ticket sales for VTL travel after Jan 20, 2022 will also be temporarily reduced.

RHB analyst Jarick Seet has also upped Sheng Siong’s PATMI for the FY2021 by 14.5%.

Singapore will tighten border and community measures from May 1, in response to the rise in community cases.

Singapore has restricted all long-term pass holders and short-term visitors with recent travel history to India from Apr 23, 2359.

SIA's net loss was primarily driven by the weaker operating performance, though partially offset by a tax credit.

Demand for yacht charters has shot up by more than 20%, according to One Degree 15 Luxury Yachting at Sentosa Cove.

Singapore says the country can expect to see “volatile” case numbers in the coming two weeks as the final batches of workers in dormitories are tested and cleared. It also revises the charging policy for outbound travellers.

“We welcome these travellers and we want to see the resumption of travel – but it has to be done in a safe way,” said National Development Minister Lawrence Wong

SATS says it is now expecting its profits for the quarter to plunge by approximately 60% to 70% compared to last year. This will correspondingly result in a reduction of up to 25% for the group’s full-year results.

As the Covid-19 pandemic continues to bring about lockdowns and destroy demand for transportation fuel, analysts believe that oil prices are likely to remain under pressure for the rest of 1HFY2020.