■ Singapore is on track to ease Covid-19 measures, reopen its borders. Diners
to be capped at five/group (from two) from 12 Jul. WFH stays as a default.
■ Singapore targets to have 50% of its population fully vaccinated by week of
26 Jul; will implement differentiated measures for those vaccinated.
■ Aims to progressively reopen borders from by end-Sep or early-Oct. Our
reopening picks: SATS (international travel), FCT (retail) and UOB (laggard).