Shares fall as Singapore re-imposes COVID-19 curbs-World Information, Firstpost


By Chen Lin and Tom Westbrook SINGAPORE (Reuters) – Singapore introduced on Friday its strictest curbs on gatherings and public actions since a coronavirus lockdown final yr, amid an increase in domestically acquired infections and with new clusters forming in latest weeks. The measures, which will probably be in power from Sunday to mid-June, embody limiting social gatherings to 2 individuals, a halt on eating in eating places and for employers to make working from house a default association for employees

COVID-19 curbs “src =” https://photos.firstpost.com/wp-content/uploads/reuters/05-2021/15/2021-05-14T180810Z_1_LYNXMPEH4D14X_RTROPTP_2_HEALTH-CORONAVIRUS-SINGAPORE.jpg “alt =” Shares fall as Singapore reimposes curbs “width =” 300 “top =” 225 “/>

By Chen Lin and Tom Westbrook

SINGAPORE (Reuters) – Singapore introduced on Friday its strictest curbs on gatherings and public actions since a coronavirus lockdown final yr, amid an increase in domestically acquired infections and with new clusters forming in latest weeks.

The measures, which will probably be in power from Sunday to mid-June, embody limiting social gatherings to 2 individuals, a halt on eating in at eating places and for employers to make working from house a default association for employees.

Malls and cinemas will probably be allowed to function however at lowered capability.

Singapore’s Straits Instances index closed down 2.2% on Friday, its sharpest day by day fall in 11 months, with drops led by companies uncovered to retail and journey. Singapore Airways fell 5.7%, the sharpest drop in a yr.

The Singapore greenback fell barely.

The Asian commerce and monetary hub of 5.7 million individuals had till just lately been reporting nearly zero or single-digit day by day infections domestically for months.

On Friday, it confirmed 24 domestically transmitted infections for the second consecutive day, the very best day by day quantity since September, pushed partly by a cluster at its worldwide airport.

“That is clearly a setback in our combat towards COVID-19 , “mentioned Lawrence Wong, co-chair of Singapore’s coronavirus taskforce.

Regardless of reassurances from authorities of ample provides, lengthy queues have been seen forming up at some supermarkets on Friday following the announcement, with consumers filling trolleys with meals objects and requirements. Workers have been busy restocking cabinets.

Transport Minister Ong Ye Kung mentioned the outbreak would “very seemingly” delay a deliberate journey bubble with Hong Kong.

Singapore posted its worst recession final yr on account of pandemic and is now charting an uneven restoration.

The return of restrictions come because the city-state was gearing as much as reopen to guests and companies and host worldwide occasions, together with subsequent month’s annual protection and safety assembly, the Shangri-La Dialogue, and the World Financial Discussion board’s summit in August.

“Fast reopening hopes have been dashed, particularly for the journey and leisure sectors,” mentioned Financial institution of Singapore analyst Moh Siong Sim. “Manufacturing ought to maintain up as has been the case over the previous yr.”

(Reporting by Chen Lin and Tom Westbrook; Modifying by Ed Davies, Martin Petty and Raissa Kasolowsky)

This story has not been edited by Firstpost workers and is generated by auto-feed.



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