Cruise industry added $706m to Singapore's economy in 2016
STB data shows this is a 36% increase from 2010; future of cruise tourism for Singapore, S-E Asia is bright
Singapore
THE Republic's cruise industry directly contributed $706 million to the country's economy in 2016, a 36 per cent increase from 2010.
This is according to latest data from the Singapore Tourism Board (STB), and does not include the indirect spending by tourists on goods and services like restaurants and stores.
STB announced this on Friday, even as a joint Asean Declaration on Cruise Tourism was officially endorsed at this year's Asean Tourism Forum.
The declaration will give a boost to South-east Asia's transformat…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
UK wage growth and services inflation too high for rate cut, BOE’s Greene says
US to reduce licensing by 80% for UK, Australia to boost Aukus
IMF tells Asian central banks not to follow Fed too closely
UN chief warns Mideast on brink of 'full-scale regional conflict'
IMF boss says ‘all eyes’ on US amid risks to global economy
UK financial sector seeks stronger accountability of regulators