Singapore is slowly starting to lift restrictions imposed during the nationwide pandemic lock-downs.
As of today, organizers of business events can start applying for permission to hold events of up to 250 participants, starting from October 1st. As of now, events are only limited to 50 attendees.
The news was first announced by the Singapore Tourism Board (STB) yesterday, stating that this move takes into account the revitalisation of the Meetings, Incentives, Conventions, and Exhibitions (MICE) industry, which has come to a halt during the lock-downs and travel restrictions.
In the report, STB mentions that the MICE industry supported more than 34,000 jobs, adding over SGD$3.8 billion in economic value to the country (1% of the country's domestic GDP).
STB also added that business travellers fall under the category of "high-yield visitors", as they spend close to double what leisure travellers spend.
The criteria for event organizers are as follows:
STB also adds that more details on the application guidelines will be released at a later stage.
"The gradual resumption of business events will help maintain Singapore’s position as a leading MICE hub and retain critical capabilities, while safeguarding jobs and livelihoods in the industry and other related sectors".