End To Travel Bubble Plans 'understandable'
"); jQuery("#212 h3").html("

"); });
2021-08-20 HKT 11:15
The head of the Hong Kong-Singapore Business Association, Philip Chan, said on Friday that it was "understandable" for the two governments to scrap plans for a travel bubble, given their different strategies in handling the Covid-19 pandemic.
Hong Kong maintains a zero-Covid target and has recently increased quarantine periods for vaccinated travellers.
But Singaporean officials have acknowledged that Singapore may continue to see a relatively high number of daily cases as the virus becomes part of a “new normal”. The city-state will allow anyone arriving from the SAR to skip quarantine, regardless of their vaccination status, from Saturday midnight.
Chan welcomed Singapore's move, but said Hong Kong's decision to increase quarantine from seven to 14 days for the vaccinated had caught travellers by surprise.
He said some travellers may not be able to extend their quarantine stays, because places in designated hotels are in short supply, adding that he may also delay or cancel his own return to Hong Kong next month.
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