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.
Wise Hong Kong Business Account Now Available For SMEs To Manage Global Payments
Wise, a global technology company in international money management, launched its international business account in Hon... Read more
ChinaAMC HKD Digital Money Market Fund Debuts As Hong Kongs First Retail Tokenised Fund
OSL Digital Securities (OSL), a regulated digital asset platform and part of OSL Group (863.HK), announced the launch o... Read more
American Express And Alipay Team Up To Simplify Traveller Payments In China
American Express and Alipay introduced a new payment feature that allows eligible global American Express Card Members ... Read more
Alibaba Invests Over US$50 Billion To Drive AI And Cloud Expansion By 2028
Alibaba Group (9988.HK) revealed plans to invest over 380 billion yuan (US$52.44 billion) into its cloud computing and ... Read more
SFC IOSCO Asia-Pacific Meet-up Sets Roadmap For Sustainable And Secure Capital Markets
The Securities and Futures Commission (SFC) recently participated in a series of dialogues under the International Orga... Read more
WeLab Bank Accelerates AI Deployment With Deepseek To Enhance Efficiency
WeLab Bank has taken a significant step forward in its AI deployment strategy by exploring innovative solutions to enha... Read more