Coronavirus: Impact on aviation sector will be worse than Sars outbreak, says Khaw Boon Wan

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

This is so because China is now a much larger market and a much larger source of tourism for Singapore and the region, he said during a visit to Changi Airport.. Read more at straitstimes.com.

SINGAPORE - The impact of the coronavirus outbreak on the aviation sector will be worse than that of the severe acute respiratory syndrome outbreak in 2003, said Transport Minister Khaw Boon Wan on Thursday .

Companies would have to retrench and cut back on their workforce if they are not doing well, and this would affect many families, he noted. He said local airlines - Singapore Airlines, Scoot and SilkAir - are also suffering along with retail shops.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China services sector growth hits 3-month low in January ahead of coronavirus impactBEIJING (REUTERS) - Growth in China's services sector slowed for a second straight month in January, a traditionally busy sales season, hitting a three-month low as companies cut prices and new orders dipped, a private sector survey showed on Wednesday (Feb 5).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

China services sector growth hits 3-month low in January ahead of coronavirus impactBEIJING (REUTERS) - Growth in China's services sector slowed for a second straight month in January, a traditionally busy sales season, hitting a three-month low as companies cut prices and new orders dipped, a private sector survey showed on Wednesday (Feb 5).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »