Singapore plans to set up pilot programs to allow business travelers vaccinated against COVID-19 from some countries to enter on controlled itineraries next month as it charts a cautious international reopening that extends to local restrictions.
Singapore is in talks with Germany, Australia, Canada and South Korea to be the first batch of countries for such arrangements, although it is also looking at the possibility of leisure travel, Singaporean Minister for Trade and Industry Gan Kim Yong (顏金勇) told Bloomberg News in an interview yesterday.
Factors such as infections, vaccination rates and the ability to control outbreaks would be considered in these discussions, Gan said.
Photo: AFP
“In the pilot, we are likely to focus more on business travel, but beyond business travel, we are also looking at the possibility of leisure travel, particularly to those safer countries, those with a lower infection rate,” he said. “We will need to pilot-run some of this with an organized itinerary, probably with organized tour groups, to be able to find ways to bubble-wrap them for the journey and with specific designated places that they can visit.”
Singapore — which has a vaccination rate that is among the world’s highest, according to Bloomberg’s Vaccine Tracker — is aiming to reopen to the world and emerge from the pandemic relatively unscathed by high hospitalizations and death tolls.
At 76 percent full inoculation, the country is on track to be ahead of its schedule to reach 80 percent by early next month, a milestone where officials have pledged to ease more measures, particularly on border reopening.
Still, such relaxation will be done in a careful manner and local rules on gathering sizes could still be intact for a while as more people enter the country, Gan said.
“The two are interlinked,” he said. “If we continue to keep our borders closed and just among ourselves, I think we will be quite ready to open up domestically, but because we are going to open up the border, which is a major effort, and potentially a higher-risk measure, therefore we will need to ensure that domestically within the community we continue to have reasonable basic safe management measures in place.”
Already, Singapore is loosening controls to allow vaccinated foreign workers to enter the country, as well as plans to bring in laborers in the construction sector.
“We may be the first country who has a high vaccination rate, and yet taking a step-by-step approach to reopening,” Gan said. “We are seeing whether this approach in fact is a better approach to allow a safe opening, yet at the same time allow more activities to happen.”
Such a move might ultimately prevent a reversion to lockdown measures, which have frustrated businesses and residents, he said.
UNPRECEDENTED PACE: Micron Technology has announced plans to expand manufacturing capabilities with the acquisition of a new chip plant in Miaoli Micron Technology Inc unveiled a newly acquired chip plant in Miaoli County yesterday, as the company expands capacity to meet growing demand for advanced DRAM chips, including high-bandwidth memory chips amid the artificial intelligence boom. The plant in Miaoli County’s Tongluo Township (銅鑼), which Micron acquired from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion, is expected to make a sizeable capacity contribution to the company from fiscal 2028, the company said in a statement. It would be an extended production site of Micron’s large-scale manufacturing hub in Taichung, the company said. As the global semiconductor industry is racing to reach US$1 trillion
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
Memory chip stocks extended their losses yesterday after Alphabet Inc’s Google publicized research that could allow more efficient use of the storage needed for artificial intelligence (AI) development. SK Hynix Inc and Samsung Electronics Co, South Korean leaders in the market, fell more than 6 percent and about 5 percent respectively in Seoul. In the US, Micron Technology Inc, Western Digital Corp and Sandisk Corp slid more than 2 percent in pre-market trading, after they all closed lower on Wednesday. Memory companies have been on a tear in recent months as the rapid development of AI infrastructure triggered a spike in chip