How Budget 2022 can help the tourism and entertainment sectors
[SINGAPORE] As we enter Year 3 of the Covid-19 pandemic, the tourism and entertainment sectors in Singapore are still struggling and the light at the end of the tunnel remains elusive.
Towards the end of last year, the high vaccination rate and the opening of more Vaccinated Travel Lanes (VTLs) led to hope of a step forward; however, an initial surge in cases, followed by the international spread of the Omicron variant, tempered that optimism.
Even with the opening of the VTLs, the primary users were those visiting family and friends or travelling on business - the various requirements for travel and ongoing caution mean that there has been but a trickle of tourists.
TRENDING NOW
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Singapore developer in limbo after Timor-Leste scraps major township project
Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital