Singapore to restart work on new airport terminal as passengers return

Singapore to restart work on new airport terminal as passengers return


Travelers walk through the transit area at Changi Airport in Singapore, on Wednesday, March 30, 2022. Singapore will resume building a fifth terminal at its Changi Airport after a two-year hiatus, the transport minister said on Tuesday, as regional and global air and passenger traffic recovers from the pandemic.

Ore Huiying | Bloomberg | Getty Images

Singapore will resume building a fifth terminal at its Changi Airport after a two-year hiatus, the transport minister said on Tuesday, as regional and global air and passenger traffic recovers from the pandemic.

Traffic in May doubled compared with March to stand at about 40% of pre-pandemic levels, transport minister S. Iswaran said in a speech at an aviation summit on Tuesday.

“Given the current and projected recovery in air travel demand, we have a renewed impetus to secure our infrastructural capacity for growth,” he said.

Singapore is one of Asia’s main travel hubs and saw more than 68 million passengers pass through Changi Airport in 2019.

The government paused work on the latest terminal two years ago because of the pandemic to re-assess the trajectory of aviation growth and review the terminal’s design to meet the needs of post-pandemic travel, he added.

The city-state plans to start construction of terminal 5 in two to three years to have it ready to meet anticipated demand around the mid-2030s, Iswaran said.



Source

CNBC Daily Open: Will the other shoe drop when it comes to U.S. inflation?
World

CNBC Daily Open: Will the other shoe drop when it comes to U.S. inflation?

An Aldi grocery store on May 2, 2025, in Washington, DC, U.S. Kevin Dietsch | Getty Images News | Getty Images Waiting for tariff-induced price increases in the U.S. to show up can feel like watching an M. Night Shyamalan movie. July’s consumer price index came in mostly benign. The headline annual rate of 2.7% […]

Read More
South Korea’s former first lady imprisoned after court issues warrant
World

South Korea’s former first lady imprisoned after court issues warrant

South Korea’s former first lady Kim Keon Hee arrives at the special prosecutor’s office in Seoul, South Korea, August 6, 2025. Kim Hong-Ji | Reuters South Korea’s former first lady Kim Keon Hee has been arrested after a court late Tuesday issued a warrant to arrest her following accusations of graft that she denies, a special […]

Read More
Asia markets set to open higher, tracking Wall Street gains amid Fed cut hopes
World

Asia markets set to open higher, tracking Wall Street gains amid Fed cut hopes

Here are the opening calls for the day Happy mid-week from Singapore. Asia markets are set for a mostly higher open. Japan’s Nikkei 225 was set to open higher, with the futures contract in Chicago at 43,325, while its counterpart in Osaka last traded at 43,280, against the index’s last close of 42,718.17. Futures for […]

Read More