Construction firms worry about margins as cost of labour rises
MOM to allow employers to bring in more existing work pass holders from this week, and subsequently new migrant workers in larger numbers
Singapore
THE Ministry of Manpower (MOM) intends to allow employers to bring in more existing work pass holders from this week, and new migrant workers in larger numbers subsequently, amid challenges faced by the construction industry as players battle a labour crunch.
This was revealed in response to queries by The Business Times after several construction firms spoke of compressing margins amid rising costs due to a clip in inflow of foreign worker supply and poaching.
Ten companies in the construction indu…
A NEWSLETTER FOR YOU
![Newsletter Img](/assets-web2/newsletter_sgsme-DqOXI828.png)
SGSME
Get updates on Singapore's SME community, along with profiles, news and tips.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
London stocks hit new record at open
Heineken sells more beer in Q1, sticks to outlook
US seeks 36 months’ jail for Binance founder Zhao
China’s Huawei launches new software brand for intelligent driving
Capital A chief Fernandes defers retirement, renews contract for five years
China’s SenseTime soars 36% after unveiling beefier AI model