SGX Tourism-Related Stocks Ride Growth as Singapore and China Start 30-Day Visa-Free Travel
Tiger Newspress2023-12-08
SGX tourism-related stocks ride growth as Singapore and China start 30-day visa-free travel.
Singapore and China are looking to establish a mutual 30-day visa exemption arrangement, as the two nations seek to push travel back to and beyond pre-Covid levels.
According to Singapore’s Ministry of Foreign Affairs, both countries will work out the implementation details and implement it in early 2024.
People flows between the two countries have been improving, and flight connectivity is approaching pre-Covid levels, said Deputy Prime Minister Lawrence Wong on Thursday (Dec 7) during the 19th Joint Council for Bilateral Cooperation (JCBC) in Tianjin, China.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
