Tourists near the Marina Bay Sands hotel in Singapore. Agence France-Presse
The virtually held meeting convened investors, business leaders and officials from both sides to explore stronger economic ties and synergies that the two commercial powerhouses of the East can explore in light of the paradigm shifts in business and economy induced by the COVID-19 pandemic.
Singapore Airlines warned passenger capacity may remain at less than half of pre-pandemic levels by its March 2021 year-end after slumping to a S$1.12 billion ($817 million) first-quarter net loss due to a sharp decline in demand.
The neighbours are also putting in place travel arrangements for their residents who hold long-term immigration passes for business and work in the other country, their foreign ministries said in a joint statement.
India’s Minister of Commerce and Industry, Piyush Goyal, has conveyed his country’s best wishes for the success of Expo 2020 Dubai to Dr. Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade.
India’s benchmark Sensex crossed the 60,000 level for the first time on Friday, driven by tech and private bank stocks, as analysts pointed to easing fears over economic damage
China’s most powerful regulators on Friday intensified the country’s crackdown on cryptocurrency with a blanket ban on all crypto transactions and mining,