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Inflation is going through the roof everywhere and US just announced that it has reached its 40 years high at 8.6% inflation! In turn, high inflation will lead to FED’s acceleration of interest rates (i.e. tightening) and then cause a recession going forward. More pain is expected ahead as there…
Segment a growing opportunity for sector
Buses stand by to transport migrant workers to a government quarantine facility after workers were tested positive for Covid-19 at Westlite Woodlands dormitory in Singapore on April 22, 2021. - Reuters SINGAPORE (Bloomberg): Singapore has discovered more virus cases in a foreign worker dormitory that was within the epicentre for the Covid-19 outbreak in the country last year, raising concerns about reinfections as almost all the labourers had previously tested positive. To stop the potential spread at the Westlite Woodlands dorm, more than 1,100 people living in the same block as the infected...
Article content Singapore has largely brought the virus under control locally and has also been rolling out vaccinations. It last reported more than 10 cases in a single day among dormitory residents in September, with barely any new infections over the last few months. The health ministry has previously said vaccines were effective in preventing symptomatic disease but further research was required on whether they also prevented onward transmission. Concerns have been growing over new variants of the virus and the effectiveness of existing vaccines against them. While the potential for re-in...