Asean tourism getting a lift from geopolitical tensions in North-east Asia: ANZ

Add BT as a preferred source

Published Sun, Nov 24, 2019 · 09:50 PM

Singapore

THE tourism sector in South-east Asia is getting a boost, as travellers prefer countries in Asean over those in North-east Asia due to the latter's ongoing geopolitical tensions, according to ANZ.

Continuing civil unrest in Hong Kong, a mainland Chinese ban on individual travel to Taiwan, as well as strained Japan-South Korea relations have dampened tourism.

Tourism

TRENDING NOW

Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

Qatari LNG ship struck in Strait of Hormuz, testing US talks

This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

DBS, OCBC and UOB shares hit all-time highs as sentiment improves

Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

Singapore is ranked as the world’s most expensive city for cars and placed third globally for residential property, according to Julius Baer.

Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

Latest T-bills Treasury Bills Results & Interest News Latest SSB Singapore Savings Bonds News Latest COE Certificate of Entitlement News

Latest Johor-Singapore SEZ News Latest BTO Build To Order & Sales of Balance News Latest STI Straits Times Index News Latest SGX Dividends, Share Price News Latest Bonds Market News Latest Singapore Stocks To Buy News Latest Singapore Economy News