Here are some of the latest news from Asia

Here are some of the latest news from Asia

Let's get you up to speed with the day's stories.

After entering the city, all international arrivals will be able to return to the accommodation of their choice, but will have to self-monitor for three days. They will be allowed to go to work or school, but will not be allowed to enter bars or restaurants during that period.

On arrival, travellers will be subject to polymerase chain reaction PCR tests on arrival.

A pre-flight PCR test, which was required for travellers to Hong Kong 48 hours before flying, will be replaced by a rapid antigen test.

Cathay Pacific Airways plans to increase flight frequencies to both regional and long-haul destinations after the announcement.

Here are some of the destinations in Asia that have recently relaxed COVID 19 entry rules.

Two Singapore banks DBS and UOB have stopped offering fixed rate home loans as of Friday Sep 23 The US Federal Reserve announced a 75 basis-point increase in its benchmark federal funds rate on Wednesday, mirroring similarly hefty increases in June and July.

Fixed rate home loans were removed from Singapore's largest lender, DBS. The local bank is reviewing its rates, and CNA understands that.

UOB said it was reviewing its fixed rate offerings and will be ceasing its existing two-year and three-year packages in response to queries.

Mortgage offerings at OCBC seem to be untouched as of Friday noon.

The US Fed has risen its fifth rate this year, with more increases likely to rein in decades-high inflation.

Singapore's core inflation went up to 5.1% in August, inching towards a 14 year high.

In August, Singapore's core inflation increased to 5.1 per cent, mainly due to stronger increases in food and services prices.

The last time Singapore reported higher year-on-year core inflation growth was in November 2008, when it stood at 5.5 per cent.

Inflation for private transport, food and services was mainly caused by higher inflation.

The inflation for electricity and gas fell to 23.9 per cent, compared to 24 per cent in July, due to a smaller increase in gas prices.

Supply chain frictions eased slightly and commodity prices levelled off, according to MAS and MTI. They said global inflation is likely to stay elevated in the near term.

Voting began on Friday in a Russian-controlled part of Ukraine in a referendum that Russia is expected to use to justify the annexation of four regions.

Voting in the four regions of Luhansk, Donetsk, Kherson and Zaporizhzhia provinces is expected to take place from Friday to Tuesday.

The Ukrainian governor of Luhansk said that in one city Russian authorities had resisted the population from leaving the city, and armed groups had been sent to coerce people to take part in the referendum.

Russia believes that it is an opportunity for people in the region to express their views.

As winter approaches, European countries that depended on Russia for natural gas are scrambling to find alternatives, leading to a rise in the price of LNG CNA, and what the knock-on effects are for Singapore and other countries in Asia.