Hospitality, retail sectors to gain from freer Singapore-China visa rules
SINGAPORE-LISTED stocks in the hospitality, transport and retail sectors are set for a boost with the relaxation of visa regulations between China and Singapore next year.
The aviation industry also stands to gain from more Chinese visitor arrivals, although analysts said the impact on national carrier Singapore Airlines (SIA) : C6L 0% will be mixed, given the competition from other carriers.
The 30-day visa-exemption agreement, likely to be implemented in early 2024, is part of the drive to bring travel back to – and beyond – pre-Covid levels.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
More companies are selling shares to help cut debt
Red Sea disruptions are splitting global LNG trade into regions
Cisco forecasts fourth-quarter revenue above estimates on enterprise demand
China property stocks gauge jumps on proposal for home purchases
ADDX launches fixed income marketplace and digitised bond programme
Tencent shares jump after video drives big earnings beat