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Singapore tightens restrictions again as COVID spikes

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Singapore is set to tighten COVID019 restrictions, again

The nation will tighten restrictions on dining-in and social gatherings again and halt indoor exercise from this Thursday.

The tougher stance on restrictions comes amid a record daily number of Covid-19 infections fueled by highly transmissible strains of the virus that are spreading across Southeast Asia.

Dining-in will be suspended and group gatherings will be cut from five people to just two through to August 18.

Health authorities stated that these measures were to be reviewed after two weeks.

Singapore will also unveil a virus support package in the coming days, which Finance Minister Lawrence Wong says would “take reference” from earlier aid. A prior package cost S$1.2 billion.

Supermarkets and wet markets will be allowed to remain open, despite authorities saying there was “considerable exposure” of coronavirus within these venues.

More than 85% of Singaporeans aged 60 to 69 have been vaccinated, Health Minister Ong Ye Kung confirmed, along with 71-72% of seniors above age 70.

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Money

Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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