New Outbreaks Prompt Return to Restrictions in Taiwan, Singapore
Bloomberg
1 day ago
Cindy Wang and Samson Ellis
(Bloomberg) -- Taiwan announced limits on crowds, following Singapore’s move to restrict foreign workers, in a wave of new restrictions in Asian countries trying to stamp out small outbreaks after months of keeping Covid-19 contained.
The new curbs prompted fears that economic growth could stall out, leading to stock sell-offs in both countries this week. Low vaccination rates in both countries are contributing to concerns that their populations could be vulnerable if faster-spreading variants take hold.
In Taiwan, indoor gatherings will be limited to fewer than 100 people and outdoor events capped at 500 for the next four weeks, Taiwan’s Centers for Disease Control said in a statement Tuesday. It’s the first time the island has tightened anti-Covid measures since it began easing curbs mid-last year, and comes after the government reported seven new cases in the community and four in travelers from overseas.