Transport minister Iswaran on travel lanes (VTL)

Table of Contents Reopening international travelSingapore aims to reclaim global aviation hub status Singapore is set to open “vaccinated travel lanes” with more countries — but that doesn’t mean the country is taking on significantly higher risks, Transport Minister S. Iswaran told CNBC on Monday. The city-state announced last week […]

Singapore is set to open “vaccinated travel lanes” with more countries — but that doesn’t mean the country is taking on significantly higher risks, Transport Minister S. Iswaran told CNBC on Monday.

The city-state announced last week that it will be launching more travel lanes for vaccinated travelers from South Korea, Canada, Denmark, France, Italy, Netherlands, Spain, the U.K. and the U.S. That’s in addition to similar arrangements with Germany and Brunei that started in September.

The initiative allows quarantine-free travel for those who are vaccinated, but travelers will have to take Covid-19 tests to ensure they are not infected with the virus before entering the country.

Singapore will look into similar travel arrangements with Australia, New Zealand, Japan and “many other countries” in the region next, he added.

Reopening international travel

Iswaran, who is also Singapore’s minister-in-charge of trade relations, said the country’s existing initiative with Germany and Brunei picked up only two cases of infected travelers — out of 3,000 people who entered Singapore through the so-called VTLs in the first month.

“So when you combine that with the vaccination requirement as well, actually the vaccinated travel lanes and the cross border flows that we’re facilitating do not increase the risk that we are taking as a country … significantly at all,” he told CNBC’s “Squawk Box Asia.”

We are finding paths to open up international aviation in a safe way and reclaim and rebuild Singapore’s status as an international aviation hub.

S. Iswaran

Singapore transport minister

On a “risk assessment basis,” there’s a need to limit some of those activities while allowing economic and general activity to continue “to the extent possible,” while also imposing some “important constraints,” Iswaran said.

As of Oct. 9, 83% of the population has completed two doses of a Covid vaccine.

However, the number of cases started spiking after some restrictions were loosened, and hit daily record highs last week to hover above 3,000.

Last month, Singapore authorities tightened Covid measures again in a bid to blunt community transmissions and prevent hospitals from being overwhelmed. The country has also started encouraging those infected with Covid, who are exhibiting mild symptoms, to self-isolate where possible.

Singapore aims to reclaim global aviation hub status

“What we’re trying to do through our vaccinated travel lanes with countries in North America, in Europe and in Asia is really designed to emphasize that we are finding paths to open up international aviation in a safe way and reclaim and rebuild Singapore’s status as an international aviation hub,” Iswaran said.

News of the expansion of its conditional travel lanes scheme sent aviation-related stocks soaring on Monday morning. Singapore Airlines surged 7.8% while SATS — which provides ground-handling and in-flight catering services — gained 5.04%.

As of Sunday, the total number of infections stands at 126,966, with 162 deaths. However, 98.5% of infected people over the past 28 days had no symptoms or mild symptoms, according to the country’s health ministry.

https://www.cnbc.com/2021/10/11/singapore-covid-transport-minister-iswaran-on-travel-lanes-vtl.html

Dong Anker

Next Post

Goldman Is ‘Doubling Down’ on Technology Investing, Dees Says

Sat Oct 16 , 2021
(Bloomberg) — Goldman Sachs Group Inc. investment banking co-head Dan Dees said the firm’s dealmakers are looking for opportunities in all areas of technology as companies emerge from the pandemic era. Most Read from Bloomberg Artificial intelligence, augmented reality, quantum computing and synthetic biology are among areas for investment, Dees […]