Next year's more substantial reopening seen boosting recovery

Singapore

SINGAPORE'S business scene is set for a brighter year ahead, on both a recovery and structural growth factors, industry watchers say.

The republic is headed for a more substantial reopening in the new year, especially as economists find it too early to shade down growth forecasts on the threat of the Omicron variant. Still, business leaders also called on the authorities to relax social restrictions more comprehensively, to ride the tide of the coming rebound.