SIA slides following govt travel directive
Fiona Lam
Singapore
SHARES of Singapore Airlines (SIA) fell S$0.46 or 6.4 per cent to close at S$6.74 on Monday, after the government announced new measures to reduce the spread of Covid-19.
From 11.59pm on Monday, all travellers entering Singapore with recent travel history to Asean countries, Japan, Switzerland or the UK in the last 14 days will have to comply with a new 14-day stay-home notice. Furthermore, the government has advised all Singaporeans to defer non-essential travel abroad. This will curtail further the leisure travel market.
TRENDING NOW
Fed hike throws Singapore banks a margin lifeline; UOB most likely to feel impact
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Real-estate veteran Desmond Sim quits from CEO roles at Realion, ETC
Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part
