The reopening of Singapore’s borders from Sept 1 to some low risk countries will not be enough to offset losses incurred during the year, according to Fitch Solutions.

This is despite the research house’s expectation that the move will boost the city-state’s tourism industry in 4Q20.

On Aug 21, Singapore announced that it will institute a travel bubble with New Zealand and Brunei, exempting travels from these countries from the Stay-Home Notice (SHN).

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