Construction firms worry about margins as cost of labour rises

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…

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