There are already some signs of leisure travel recovering even if these are happening in small pockets.
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The ground may have further shifted after two protesters were killed over the weekend after police opened fire on demonstrations, with the Singapore Ministry of Foreign Affairs calling the use of lethal weapons against civilians “inexcusable” on Feb 20.
We have traditionally relied on foreign staff to substantially complement the local workforce, but this will become more challenging moving forward.
The first New York flight left Singapore on Nov 9 with only four passengers. The load factor has not been much better since.
From having to deal with bad traffic and parking nightmares to an ever growing list of car-related expenses that included road tax, Electronic Road Pricing (ERP), insurance, maintenance and petrol, the hassle and cost of driving have always outweighed the benefits of car ownership for me.
This move positions Singapore yet more firmly at the centre of the green bond market regionally, even as it compliments Singapore’s already prominent role as a regional hub for infrastructure financing.
