Businesses to take flight in 2022, but turbulence expected

IT has been a roller-coaster year living with the pandemic, with bursts of optimism dampened by new restrictions. This year started off well - vaccinations were underway, and Singapore was into Phase 3 of its re-opening.

Soon enough, however, we as a nation ran into consecutive roadblocks, first with Heightened Alert as cases jumped in May.

Then the Stabilisation Phase came as hospital capacity was under strain in October, and now the Transition Phase that we are currently in, where social gatherings and travel are gradually being resumed but still restricted in some way.