HK to tighten boarding requirements for 8 S.Africa countries

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HK to tighten boarding requirements for 8 S.Africa countries
HK to tighten boarding requirements for 8 S.Africa countries

Hong Kong, Nov 27 | HK to tighten boarding requirements for 8 S.Africa countries. The Hong Kong government has announced that the boarding and quarantine requirements for those arriving from eight countries in southern Africa will be tightened from Saturday.

These eight countries include Botswana, Lesotho, Malawi, Mozambique, Namibia and Zimbabwe, as well as South Africa, which is already a specified high-risk place, Xinhua news agency reported, citing a government press release.

“The mutant variant B.1.1.529 has been detected in South Africa and Botswana. Although scientists are not fully certain of its potential effects on the epidemic situation or whether the relevant mutations would affect the efficacies of vaccines, we have to stay vigilant,” a government spokesperson said.

 Africa’s Covid-19 cases near 8.62 mn: Africa CDC

With the eight southern African countries above specified as Group A specified places, non-Hong Kong residents (including visitors) who have stayed there within 21 days are not allowed to enter Hong Kong.

For Hong Kong residents, they can only board a flight for Hong Kong if they have been fully vaccinated and hold a recognised vaccination record. Upon arrival they have to undergo compulsory quarantine in a designated quarantine hotel for 21 days.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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