Bubble Blown Again, Singapore To Blame This Time
"); jQuery("#212 h3").html("

"); });
2021-05-17 HKT 17:00
The SAR government on Monday confirmed that Hong Kong's "travel bubble" with Singapore won't get off the ground on May 26 as planned.
The scheme was originally slated to be launched in November last year, but was deferred after Hong Kong suffered a spike in Covid-19 cases.
The pandemic situation in Singapore is being blamed for the latest postponement.
Under the "bubble" arrangement, travellers can avoid quarantine when they fly between the two cities as long as they comply with certain Covid test requirements.
SAR officials said in a statement that both governments remain “strongly committed” to launching the scheme “in a gradual and orderly manner”.
"The two governments will continue to closely monitor the epidemic situation in both places, including the effectiveness of the enhanced anti-epidemic measures introduced by the Singapore government, which have taken effect from yesterday (May 16) and would last till June 13," the statement said.
"During this period, both sides will continue to maintain communication, exchange relevant data and statistics, and review developments closely before deciding on the way forward."
The Hong Kong government said a further announcement will be made on or before June 13.
It added that people who have already made bookings on designated flights could contact their airlines to adjust their itineraries.
Separately, the government announced that non-Hong Kong residents from Singapore, Japan, Malaysia, Italy, the Netherlands, Argentina and Kenya will be barred from entry from Friday. Officials cited a "persistent unstable" pandemic situation overseas.
SAR residents arriving from these countries, meanwhile, will need to be quarantined at a hotel for 21 days, or 14 days if they are fully vaccinated.
______________________________
Last updated: 2021-05-17 HKT 19:59
ZA Bank Brings Nasdaq Data To Hong Kong, Expanding US Stock Access And Investor Education
ZA Bank and Nasdaq have announced a collaboration aimed at enhancing digital wealth management in Hong Kong and interna... Read more
Hong Kong To Study One‑Stop Infrastructure For Equities, Bonds And Digital Assets
The Hong Kong Monetary Authority’s (HKMA) CMU OmniClear and the Hong Kong Exchange (HKEX) are set to begin a study on... Read more
Hong Kong To Issue First Stablecoin Licenses In March, Expand Crypto Regulation
Hong Kong will issue its first licenses for fiat-referenced stablecoin issuers in March and introduce new legislation l... Read more
MSIG Joins US$6B IFC Credit Insurance Facility To Boost Emerging Market Lending
MSIG USA and Mitsui Sumitomo Insurance (MSI Japan), together referred to as MSIG, have joined a new insurance-ba... Read more
Why The $2 Trillion Stablecoin Prediction Is Too Low
McKinsey estimates the stablecoin market will hit $2 trillion by 2028. But according to Sam Lin, COO of dtcpay, even th... Read more
RedotPay Eyes US IPO With Potential US$1 Billion Raise
RedotPay is reportedly exploring an IPO in the US that could raise more than US$1 billion, according to people famili... Read more
