A view of the Singapore city skyline. Photo: AFP

Singapore begins to see some gains from Hong Kong’s months of unrest

  • Hotel occupancy rates are at an all-time high and there has been a pick up in luxury home sales, gold storage and foreign currency deposits
  • The extra cash is welcome news for the city state, whose economy is slowly slipping towards a recession as election speculation grows
Topic |   Singapore

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A view of the Singapore city skyline. Photo: AFP
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Qantas aircraft at the Melbourne International Airport. The airline announced a profit slump as a result of Hong Kong’s ongoing unrest. Photo: Reuters

Hong Kong’s ongoing protests leave Australian airline Qantas with a US$17 million profits slump

  • Airline announced the grim forecast for Hong Kong sales and bookings, after more than four months of continual protests across the city
  • The company in August downsized the aircraft used for its Hong Kong route, effectively cutting passenger capacity by 7 per cent – largely economy
Topic |   Hong Kong protests

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Qantas aircraft at the Melbourne International Airport. The airline announced a profit slump as a result of Hong Kong’s ongoing unrest. Photo: Reuters
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