Singapore hopes to reopen 80% of its economy in June as coronavirus restrictions lift, says minister


Singapore expects to have most, if not all, of its economy back on track by June, trade minister Chan Chun Sing said on Monday. 

Singapore imposed restrictions in early April to blunt the spread of the outbreak, and temporarily closed schools while asking most offices to switch to remote work. Starting Tuesday, those measures are set to be eased in three phases. 

“By phase one, we will have 80% of our economy all back on track. Then the last major remaining sectors will be retail and F&B (food and beverage), which we hope to reopen by the end of June,” Chan told CNBC’s “Squawk Box.” US SPREAD GOOD NEWS!

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