CNBC reports that Singapore must be prepared for the number of people in the country infected with the new coronavirus disease to continue to climb in the coming weeks, a minister said on Friday.
As of Thursday noon, Singapore had 58 confirmed cases of COVID-19, 15 of which have recovered and been discharged, according to the country's Ministry of Health. The Southeast Asian nation with a population of 5.7 million has one of the highest numbers of cases outside China.
Singapore has not recorded any deaths, but that too is something people must be "psychologically prepared" for as the number of cases continues to rise, said Janil Puthucheary, senior minister of state at Singapore's Ministry of Transport and Ministry of Communications and Information.
"I think it's really too early to talk about a peak. Cases are coming in on a daily basis and you have to have the expectation there are going to be more cases over the next few weeks," he told CNBC's.
"The issue is really whether these are going to be cases that are linked to the existing spread, existing cluster, links to China or whether we have an increasing number of cases that are unlinked community spread ... At the moment, most of the cases can be linked back to known clusters," he added.
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
© 2011-2020 TeleTrade-DJ International Consulting Ltd
TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.
The company operates in accordance with Markets in Financial Instruments Directive (MiFID).
The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.
TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.
TeleTrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.