SINGAPORE — Singapore has not given up on forming a bilateral "air travel bubble" with Hong Kong that would allow travelers to skip quarantine, the Southeast Asian country's Transport Minister Ong Ye Kung told CNBC.

The arrangement was supposed to begin last November but was postponed after Hong Kong reported a resurgence in new Covid-19 cases. A new launch date has not been set, but Ong said authorities from both sides have been in touch.

"As you know, the agreement has been signed, concluded. We're making a few tweaks, a few proposals to tighten it," the minister told CNBC's "Squawk Box Asia" on Thursday.

"But I think the key consideration now is this is shortly after Chinese New Year and both sides are being cautious. We want to watch if there's any impact due to Chinese New Year on community transmission," he added.

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