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Singapore's retail and tourism industries appear to be reeling from the impact of COVID-19. Taken between 12 noon to 3 pm on 26 February 2020, human traffic at Orchard Road, Chinatown, Waterway Point, Tanjong Pagar, Raffles Place and Dhoby Ghaut has decreased significantly.
By Khalil Adis
By Khalil Adis
Shenton Way, Singapore's financial district: Photo: Khalil Adis Consultancy.
When China sneezes, the entire world catches the flu.
In this case, COVID-19 is already affecting the global economy resulting in supply crunch, travel bans, pay freeze and global retrenchments.
Just recently, HSBC axed 35,000 staff as part of its global restructuring exercise on 18 February.
Singapore, in particular, is vulnerable due to its open economy and small domestic market.
Already reeling from the impact of the ongoing US-China trade war, the government has announced several measures under Budget 2020 to save jobs and to pass on rental rebates and waivers to affected tenants.
Meanwhile, Temasek Holdings, CapitaLand and SMRT announced pay freeze and wage cuts while Singapore Airlines is freezing hiring.
While the Singapore government has done a good job in containing the outbreak (62 recovered cases, 31 still in hospital), we are possibly faced with a global pandemic.
According to the World Health Organization (WHO), as of 26 February, the number of new cases reported outside of China exceeded the number of new cases in China for the first time.
For example, new cases are now emerging in Brazil, Iran, Pakistan, Greece, Georgia and Norway while South Korea and Italy are scrambling to contain the spread.
In South Korea alone, the Korea Centers for Disease Control & Prevention (KCDC) said it reported an additional 334 new cases as of 27 February, bringing the total tally to 1,595.
WHO added that COVID-19 has killed more than 2,700 people and infected at least 80,000 in 34 countries with the vast majority of cases in China.
Should the situation gets even worse, there is a possibility of a deep and long recession ahead.
Here are photos that were taken yesterday across Singapore amid the outbreak.
In this case, COVID-19 is already affecting the global economy resulting in supply crunch, travel bans, pay freeze and global retrenchments.
Just recently, HSBC axed 35,000 staff as part of its global restructuring exercise on 18 February.
Singapore, in particular, is vulnerable due to its open economy and small domestic market.
Already reeling from the impact of the ongoing US-China trade war, the government has announced several measures under Budget 2020 to save jobs and to pass on rental rebates and waivers to affected tenants.
Meanwhile, Temasek Holdings, CapitaLand and SMRT announced pay freeze and wage cuts while Singapore Airlines is freezing hiring.
While the Singapore government has done a good job in containing the outbreak (62 recovered cases, 31 still in hospital), we are possibly faced with a global pandemic.
According to the World Health Organization (WHO), as of 26 February, the number of new cases reported outside of China exceeded the number of new cases in China for the first time.
For example, new cases are now emerging in Brazil, Iran, Pakistan, Greece, Georgia and Norway while South Korea and Italy are scrambling to contain the spread.
In South Korea alone, the Korea Centers for Disease Control & Prevention (KCDC) said it reported an additional 334 new cases as of 27 February, bringing the total tally to 1,595.
WHO added that COVID-19 has killed more than 2,700 people and infected at least 80,000 in 34 countries with the vast majority of cases in China.
Should the situation gets even worse, there is a possibility of a deep and long recession ahead.
Here are photos that were taken yesterday across Singapore amid the outbreak.
Waterway Point in Punggol. Photo: Khalil Adis Consultancy.
Waterway Point in Punggol. Photo: Khalil Adis Consultancy.
Waterway Point in Punggol. Photo: Khalil Adis Consultancy.
Waterway Point in Punggol. Photo: Khalil Adis Consultancy.
Waterway Point in Punggol. Photo: Khalil Adis Consultancy.
Waterway Point in Punggol. Photo: Khalil Adis Consultancy.
Punggol MRT station. Photo: Khalil Adis Consultancy.
Punggol MRT station. Photo: Khalil Adis Consultancy.
Dhoby Ghaut MRT station. Photo: Khalil Adis Consultancy.
Dhoby Ghaut MRT station. Photo: Khalil Adis Consultancy.
ION Orchard. Photo: Khalil Adis Consultancy.
ION Orchard. Photo: Khalil Adis Consultancy.
A signage at Wheelock Place. Photo: Khalil Adis Consultancy.
Orchard Road: Photo: Khalil Adis Consultancy.
Outside Liat Towers: Photo: Khalil Adis Consultancy.
Outside Liat Towers: Photo: Khalil Adis Consultancy.
Outside Liat Towers: Photo: Khalil Adis Consultancy.
Orchard Road: Photo: Khalil Adis Consultancy.
Orchard Road: Photo: Khalil Adis Consultancy.
Orchard Road: Photo: Khalil Adis Consultancy.
Outside Shaw House. Photo: Khalil Adis Consultancy.
Underground link to Orchard MRT station. Photo: Khalil Adis Consultancy.
Underground link to Orchard MRT station. Photo: Khalil Adis Consultancy.
Dhoby Ghaut MRT station: Photo: Khalil Adis Consultancy.
Chinatown, Singapore. Photo: Khalil Adis Consultancy.
Chinatown, Singapore. Photo: Khalil Adis Consultancy.
Souvenir shops at Chinatown, Singapore. Photo: Khalil Adis Consultancy.
A signage outside Sri Mariamman Temple. Photo: Khalil Adis Consultancy.
Taxi drivers waiting for customers outside Sri Mariamman Temple. Photo: Khalil Adis Consultancy.
Tourists at Chinatown, Singapore. Photo: Khalil Adis Consultancy.
Food Street at Chinatown, Singapore. Photo: Khalil Adis Consultancy.
Buddha Tooth Relic Temple & Museum. Photo: Khalil Adis Consultancy.
Maxwell Food Centre. Photo: Khalil Adis Consultancy.
Lunch time crowd at Tanjong Pagar Xchange. Photo: Khalil Adis Consultancy.
Tanjong Pagar Xchange. Photo: Khalil Adis Consultancy.
Tanjong Pagar MRT station. Photo: Khalil Adis Consultancy.
Tanjong Pagar MRT station. Photo: Khalil Adis Consultancy.
Raffles Place.. Photo: Khalil Adis Consultancy.
Raffles Place.. Photo: Khalil Adis Consultancy.
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