This photo shows a general view of Singapore’s business area. File photo
Singapore and Malaysia are to resume essential business and official travel between their countries, they said on Tuesday, letting people cross their border for the first time since most movements were suspended because of the coronavirus in March.
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.
They hope to launch the exchanges on Aug. 10, they said, adding that they had also agreed to develop other schemes for cross-border movements, including for daily commutes by workers.
Before the border was closed to people to stop the spread of the novel coronavirus, tens of thousands of Malaysians commuted daily to wealthy Singapore to work in businesses from restaurants to semiconductor manufacturing.
Malaysia is also a major source of staples for Singapore, which imports more than 90% of its food supplies, and goods have been crossing the border since the restrictions on people were imposed in mid-March.Reuters
Saif Al Ghurair was born in 1924 in Deira, Dubai.
The city’s external trade in the first quarter of 2020 reached Dhs323 billion. Exports grew 2 percent to Dhs43 billion compared to the corresponding quarter last year.
A remarkable growth in bilateral trade and tourism between the UAE and Malaysia is an indicator of huge economic potential, the King of Malaysia told Emirates News Agency (WAM) in an interview.
Singapore Airlines and Malaysia Airlines have signed a preliminary agreement to explore a wide-ranging strategic partnership that could include more codeshare agreements as well as cargo and aircraft maintenance, the companies said.
The 14th session of the Abu Dhabi-Singapore Joint Forum (ADSJF) was held in Abu Dhabi under the co-chairmanship and in attendance of Khaldoon Khalifa Al Mubarak, Chairman of the Executive Affairs Authority, and S Iswaran, Singapore’s Minister-in-Charge of Trade Relations. The forum was also attended by Sarah Bint Yousef Al Amiri,
The Reserve Bank of India hiked its key repo rate by a quarter percentage point on Wednesday as expected but surprised markets by leaving the door open to more tightening, saying core inflation remained high. The central bank said that its policy stance remains focused on the withdrawal of accommodation, with four out of
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