Tourism lull from Thailand to Singapore damping oil demand


Tourists at the iconic Merlion site in Singapore - File picMerlion Singapore

SINGAPORE: South-East Asian oil and fuel demand has hit a plateau after an initial recovery from the Covid-19-induced slump and appears unlikely to get back to pre-virus levels until the end of the year or later.

A slow rollout of vaccinations and a resurgence in cases in the region of almost 700 million people is pushing back the timeline for a return to business as usual.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Singapore , Thailand , tourism , oil demand , Merlion ,

   

Next In Business News

Bursa Malaysia slides for fourth session; construction stocks among top losers
Indonesian rupiah, Korean won hit by surprise central bank rate calls
Gold holds near 1-month peak on further US rate-cut hopes
Oil rises as US inventory decline heightens supply concerns
Stocks up with US rate cuts back in view; yen at one-month high
YTL, Gamuda unveil �5.2bil UK projects during PM Anwar visit
Malaysia keeps February crude palm oil export duty at 10%
China poised to open up further
TSMC Q4 profit leaps to record on strong demand for AI chips
Steady growth in the property sector this year - Rahim & Co

Others Also Read