Singapore must accept slower rate of labour growth: MAS' Menon

[SINGAPORE] Slower rates of labour force growth in Singapore are unavoidable, the city-state's central bank head said on Monday, and any attempt to completely offset it by increasing foreign workers is "neither feasible nor desirable".

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The Singapore economy may have performed much better than expected last year, but many small and medium-sized enterprises (SMEs) are still waiting to reap the gains from that.