Singapore Airport announces huge drop in passenger, aircraft movement

SINGAPORE: Singapore's Changi Airport, a major international transit hub, has announced a major drop in both passenger and aircraft movement, largely due to the coronavirus impact, it said in a statement on Saturday (March 14).

The airport said passenger movements for February were down 32.8% year-on-year to 3.45 million, while aircraft movements dropped by 12.3% to 26,200 landings and take-offs.

But the Monetary Authority of singapore sought to reassure the public on Friday that markets are"functioning normally” as the coronavirus crisis sparks huge sell-offs around the globe. The comments came on a day of wild swings in Asian markets, prompting several central banks in the region to inject liquidity into the financial system to calm the panic.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

staronline /  🏆 4. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore rolls out more measures to curb Covid-19 infectionSINGAPORE (The Straits Times/ANN): Singapore on Friday (March 13) announced sweeping new measures to contain the import of Covid-19 cases as well as stem the spread in the Republic.
Read more »

Manila to undergo curfew, mall closures as coronavirus deaths rise to eightCORONAVIRUS | We are slowing down the movement of people in Metro Manila, says Jose Arturo Garcia.
Read more »

Manila placed under curfew for a month as deaths risePhilippines capital's movement measures among the tightest in Asia. FMTNews Manila
Read more »

Rome to shut Ciampino airport, a terminal at FiumicinoOnly cargo flights can access the smaller Ciampino airport. FMTNews Rome Ciampino
Read more »

Nikkei down 7% amid Covid-19 rout | The Malaysian InsightJapanese shares dropping sharply, extending plunges on global bourses.
Read more »

Singapore to close mosques for cleaning to fight virusSINGAPORE: Singapore will temporarily close all the country's mosques for deep cleaning from Friday after two men contracted the coronavirus while attending an Islamic gathering in neighbouring Malaysia, authorities said.
Read more »