Advertisement
Singapore markets closed
  • Straits Times Index

    3,290.70
    +24.75 (+0.76%)
     
  • Nikkei

    38,229.11
    +155.13 (+0.41%)
     
  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     
  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     
  • Bitcoin USD

    60,312.29
    -1,819.52 (-2.93%)
     
  • CMC Crypto 200

    1,302.78
    -55.23 (-4.23%)
     
  • S&P 500

    5,217.30
    +3.22 (+0.06%)
     
  • Dow

    39,479.08
    +91.32 (+0.23%)
     
  • Nasdaq

    16,322.32
    -23.95 (-0.15%)
     
  • Gold

    2,374.90
    +34.60 (+1.48%)
     
  • Crude Oil

    78.27
    -0.99 (-1.25%)
     
  • 10-Yr Bond

    4.4980
    +0.0490 (+1.10%)
     
  • FTSE Bursa Malaysia

    1,600.67
    -0.55 (-0.03%)
     
  • Jakarta Composite Index

    7,088.79
    -34.81 (-0.49%)
     
  • PSE Index

    6,511.93
    -30.53 (-0.47%)
     

Indonesia pushes for Southeast Asia travel bubble in early 2021

A Vietnamese woman carries a stuffed animal while boarding a repatriation flight from Singapore to Vietnam amid spread of the coronavirus disease (COVID-19) outbreak at Changi airport, Singapore August 7, 2020. Picture taken August 7, 2020. REUTERS/Mai Nguyen     TPX IMAGES OF THE DAY
Passengers boarding a repatriation flight from Singapore to Vietnam, 7 August 2020. (PHOTO: REUTERS/Mai Nguyen)

By Arys Aditya

(Bloomberg) -- Indonesia is pushing for a travel corridor arrangement for Southeast Asian countries to be in place in the first three months of 2021.

President Joko Widodo said a declaration on the travel corridor will be issued during the ongoing Asean Summit. Indonesia proposed the move in June, when Thailand and Malaysia said they backed the move, while other countries haven’t signaled their support for the arrangement.

Indonesia is struggling with the largest coronavirus outbreak in Southeast Asia, with the number of confirmed cases surging more than 50% from September to 448,118 as of 11 November. The region’s largest economy is also seeking to rebound from a technical recession, after two straight quarters of annual economic contraction.

ADVERTISEMENT

Asean needs to put in place temporary fast lanes and health protocols to facilitate the travel corridor, which would help the region’s economic activity pick up, Widodo said in a statement Thursday. “The people can’t wait for much longer, they want to see our region revive,” he added.

© 2020 Bloomberg L.P.