Singapore controlled the Covid-19 situation better than many other countries. Although we had a scare when the number of cases escalated in among the foreign workers, we managed to prevent a subsequent wave from happening (hope I don’t jinx it). This was unlike countries like Hong Kong and South Korea which experienced more than one wave of outbreak.
PM Lee has announced that we’ll be moving into Phase 3 on 28 Dec. This may bring some good news and attract investors’ capital to some stocks. In brief, Phase 3 entails the following:
...- increasing gathering group size from 5 to 8
- selected public space capacity limits to be increased from two zones of 50 persons to multiple zones of 50 persons
- bars, pubs, karaoke lounges and nightclubs may reopen via limited pilot programmes
reopening of borders – travelers from low-risk regions are allowed to enter Singapore with a COVID-19 test instead of a Stay-Home Notice (SHN), while those from higher-risk countries/ regions are required to serve a SHN at home or at dedicated facilities
