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Singapore & Hong Kong travel bubble opens, but there’s a catch…

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Quarantine-free travel between two of the world’s financial centres is now set in stone.

The long awaited Hong Kong and Singapore travel bubble will start on May 26.

Singapore’s Ministry of Transport (MOT) said that the travel bubble will have a cautious start. 

There will be one flight a day from each city to begin with, and only 200 travellers per aircraft.

From June 10 it will increase to two flights a day.

In order to jump on a flight, travellers from Hong Kong must have had two doses of a coronavirus vaccine at least 14 days before they board.

The announcement also carries some rules for both sides, passengers can’t have visited any other places two weeks before departure.

Negative Covid-19 test results must also be collected within 72 hours of flying.

“I am happy that Hong Kong got the Covid-19 situation under control. It has been a long few months, but the conditions are now ripe again to relaunch the ATB (air travel bubble). Both sides will need to stay very vigilant in the next one month, so that we can launch the first flights smoothly.”

SINGAPORE Transport Minister Ong Ye Kung said

For those departing Singapore, passengers must install Hong Kong’s LeaveHomeSafe app on their mobile devices prior to leaving the city for Hong Kong.

The two countries have been working on the creation of a travel bubble for some time now – but Covid outbreaks have prevented an earlier start date.

“With gradual stabilisation of the fourth wave of epidemic in Hong Kong, we have been engaging in active discussion with Singapore on the relaunch of ATB” Hong Kong’s Secretary for Commerce and Economic Development, Mr Edward Yau, said in a statement.

“The two governments have reached consensus on the latest arrangements and will put in place more stringent public health protocols in response to the latest epidemic development.

“Our goal remains striking a right balance between public health and travel convenience so that the public will feel assured while providing certainty.”

 

Singapore Airlines’ air travel bubble flight schedule to and from Hong Kong:

SOURCE: SINGAPORE AIRLINES

 

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Big Tech earnings spark investor unease over AI spending

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

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Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.

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Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut. #FederalReserve #InterestRates #Economy

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Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut.

The Federal Reserve has opted to keep interest rates unchanged, marking the first pause since July. Officials are showing little urgency to resume cuts, even after previous rate reductions.

Two Fed governors opposed the decision, calling for a quarter-point cut, highlighting ongoing debates within the rate-setting committee, which includes both appointed governors and regional bank presidents.

Concerns over the job market and persistent inflation continue to weigh heavily on the Fed’s policy decisions, leaving economists and investors closely watching the next moves.

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#FederalReserve #InterestRates #Economy


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Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and rising tensions.

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#Trump #Iran #USForeignPolicy


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