Berliner Boersenzeitung - Hong Kong and Singapore virus response a tale of two very different cities

EUR -
AED 4.178426
AFN 79.167405
ALL 98.060105
AMD 436.693803
ANG 2.036005
AOA 1043.791486
ARS 1347.252549
AUD 1.759577
AWG 2.049169
AZN 1.910892
BAM 1.953039
BBD 2.298032
BDT 139.074868
BGN 1.955683
BHD 0.428824
BIF 3388.066486
BMD 1.137637
BND 1.466514
BOB 7.864814
BRL 6.409417
BSD 1.138181
BTN 97.511887
BWP 15.278204
BYN 3.724802
BYR 22297.685477
BZD 2.286248
CAD 1.561105
CDF 3259.330522
CHF 0.936956
CLF 0.027864
CLP 1069.276332
CNY 8.195875
CNH 8.180412
COP 4694.720795
CRC 579.375992
CUC 1.137637
CUP 30.147381
CVE 110.105017
CZK 24.891196
DJF 202.180553
DKK 7.458914
DOP 67.20501
DZD 149.875728
EGP 56.505179
ERN 17.064555
ETB 155.405078
FJD 2.56344
FKP 0.839728
GBP 0.841209
GEL 3.117211
GGP 0.839728
GHS 11.64344
GIP 0.839728
GMD 81.910185
GNF 9864.666646
GTQ 8.741107
GYD 238.121336
HKD 8.925001
HNL 29.655084
HRK 7.532635
HTG 148.99809
HUF 403.609734
IDR 18587.509883
ILS 4.004539
IMP 0.839728
INR 97.50744
IQD 1490.992566
IRR 47922.959241
ISK 144.605271
JEP 0.839728
JMD 181.553385
JOD 0.806578
JPY 163.677557
KES 147.039767
KGS 99.4862
KHR 4564.488169
KMF 494.301134
KPW 1023.8033
KRW 1566.912621
KWD 0.34897
KYD 0.948447
KZT 582.940922
LAK 24583.037173
LBP 101979.96065
LKR 340.69748
LRD 227.066061
LSL 20.384234
LTL 3.359146
LVL 0.688145
LYD 6.196242
MAD 10.466093
MDL 19.576072
MGA 5172.643292
MKD 61.499701
MMK 2388.355188
MNT 4069.813709
MOP 9.197619
MRU 44.991407
MUR 51.682917
MVR 17.587556
MWK 1973.593089
MXN 21.911026
MYR 4.829247
MZN 72.706455
NAD 20.385486
NGN 1800.549212
NIO 41.880069
NOK 11.54164
NPR 156.020103
NZD 1.895605
OMR 0.43742
PAB 1.138181
PEN 4.120803
PGK 4.676205
PHP 63.373191
PKR 322.141749
PLN 4.27755
PYG 9094.145937
QAR 4.14997
RON 5.057479
RSD 117.214173
RUB 89.845321
RWF 1610.402553
SAR 4.267057
SBD 9.500142
SCR 16.756107
SDG 683.151078
SEK 10.944521
SGD 1.466613
SHP 0.894004
SLE 25.846723
SLL 23855.679611
SOS 650.474873
SRD 42.260376
STD 23546.789313
SVC 9.95853
SYP 14791.345992
SZL 20.376021
THB 37.132267
TJS 11.267874
TMT 3.987418
TND 3.388011
TOP 2.664462
TRY 44.512313
TTD 7.723016
TWD 34.134226
TZS 3060.243236
UAH 47.272613
UGX 4145.141077
USD 1.137637
UYU 47.451054
UZS 14607.774913
VES 107.900918
VND 29641.132404
VUV 137.46876
WST 3.141781
XAF 655.022526
XAG 0.03295
XAU 0.000339
XCD 3.074521
XDR 0.81106
XOF 655.005278
XPF 119.331742
YER 277.413054
ZAR 20.335376
ZMK 10240.097137
ZMW 30.559537
ZWL 366.318654
  • RIO

    -0.7300

    58.85

    -1.24%

  • BTI

    0.9500

    46.34

    +2.05%

  • CMSC

    0.0500

    22.12

    +0.23%

  • SCS

    0.3300

    10.52

    +3.14%

  • CMSD

    0.0939

    22.16

    +0.42%

  • BCC

    2.5000

    87.6

    +2.85%

  • NGG

    -0.6000

    71.33

    -0.84%

  • RBGPF

    -1.5000

    67.5

    -2.22%

  • JRI

    0.0440

    12.96

    +0.34%

  • BP

    -0.0050

    29.56

    -0.02%

  • BCE

    -0.3400

    21.94

    -1.55%

  • AZN

    -0.1100

    71.82

    -0.15%

  • GSK

    -1.1950

    40.46

    -2.95%

  • RELX

    -0.5200

    54.06

    -0.96%

  • RYCEF

    0.1550

    12.035

    +1.29%

  • VOD

    -0.1000

    10.3

    -0.97%

Hong Kong and Singapore virus response a tale of two very different cities
Hong Kong and Singapore virus response a tale of two very different cities

Hong Kong and Singapore virus response a tale of two very different cities

Rivals Singapore and Hong Kong have become pandemic polar opposites, the former opting to live with the coronavirus and reopen to the world while the latter doubles down on zero-Covid and its international isolation.

Text size:

For decades the two cities have jostled to be Asia's premier international business hub, offering low taxes, dependable legal systems and seamless global connections.

Both adopted strict suppression tactics when the pandemic emerged, closing borders to keep infections low within their densely populated territories.

Now they present competing visions as they manage the highly transmissible Omicron variant -- with Hong Kong floundering under soaring infections while Singapore offers a pandemic exit strategy.

In the heart of Singapore's financial district, analyst Camille Chautard sipped a coffee on a bench at Raffles Place during the busy lunchtime rush hour.

"Now that it seems the new variant is less deadly, or at least the infections are less severe, it's probably a good time for Singapore to lead the way in the region and open up," she told AFP.

Earlier this week, health minister Ong Ye Kung said Singapore was moving closer towards normalcy, noting that "Omicron poses less of a risk".

Hong Kong's leader Carrie Lam had a starkly different message.

Announcing compulsory testing for all 7.4 million residents, the tightest social distancing rules to date and plans to isolate all those infected, she said the city must "win the war".

"(Singapore) is miles ahead of Hong Kong in terms of dealing with these waves and especially mitigating the impact of the pandemic," Karen Grepin, a public health expert at the University of Hong Kong, told AFP.

- Openings vs closures -

The differences were clear on the streets this week.

In Singapore, children are back in class, residents are free to gather in hawker centres or enjoy post-work drinks, and people fly in and out for business or pleasure.

For Hong Kongers, in-person classes are suspended, businesses like bars and gyms remain closed, restaurants are only allowed to serve takeout in the evening, and international travel is increasingly impossible and involves lengthy quarantines.

"Zoom calls cannot replace the people-to-people connection...so (easing workplace restrictions) definitely helps," Singaporean businessman Vaibhav Dabhade told AFP.

"I believe that we still have an opportunity to open more, but so far the approach has been fantastic."

Such upbeat commentary is hard to come by in Hong Kong.

"The government's current zero-Covid policy seems to go against the trend," lamented a 39-year-old telecommunications worker surnamed Wong as he finished submitting to a Covid test outside a shopping mall in Sha Tin district.

"Every country around the world is living with the virus,” he added, describing the mass testing orders as a "waste".

- Politics vs health -

Hong Kong and Singapore are currently reporting thousands of infections per day and experts say the outbreak in both cities won't peak until sometime in March.

But as Hong Kong's healthcare and isolation system collapses, Singapore has so far avoided such a fate.

The city decided last fall to transition away from zero-Covid after realising it was not sustainable to isolate and hospitalise all the infected, Grepin said.

"We can't constantly live in that sphere, and I think Singapore is much better off because they recognised this early on," she said.

One key difference is the vaccination rate among the elderly.

Around 95 percent of Singaporeans aged 70 or above have received at least one dose of vaccine, while the figure in Hong Kong is 61 percent despite ample supplies.

That severely limits Hong Kong's ability to transition to living with the virus.

But there is another reason the city's hands are tied -- China.

Over the last six months Beijing has increasingly called the shots, ordering Hong Kong to stick to zero-Covid and decrying mitigation as a failed "Western" strategy.

Last week Chinese president Xi Jinping ordered Hong Kong to take "all necessary measures" to get the epidemic under control, reinforcing the reality that Hong Kong's post-pandemic future depends on Beijing.

"The decision to maintain a zero-Covid strategy after the advent of safe, effective vaccines is primarily a political decision as opposed to a public health decision," Grepin said.

- Travel vs isolation -

Singapore's approach has also come in for criticism, with some complaining about ever-changing, confusing restrictions.

And while the city's borders are slowly opening through quarantine-free travel with a number of countries, curbs are still tighter than in most Western countries, causing frustration for some foreign residents.

But compared to Hong Kong, which dubs itself "Asia's World City", travel ease is night and day.

Singapore's most recent data showed around 400,000 air passenger arrivals in December, while Hong Kong saw just 27,000 passengers in that same period.

"The longer (Hong Kong) endures the relatively restrictive mobility patterns compared to other hubs, the harder it will be to maintain its dominant position," Standard Chartered chief executive Bill Winters warned in a Financial Times report.

Even established mega-chains headquartered in Hong Kong are feeling the sting -- James Riley, chief executive of the Mandarin Oriental hotel giant, told the FT most of their executive team were now working outside the city.

"As a base from which to run a business, it's very, very poor today," Riley said.

In a January survey, the American Chamber of Commerce in Hong Kong asked member companies which city represented the "greatest competitive threat".

Eighty percent answered Singapore.

(U.Gruber--BBZ)