Employers urge caution amid calls to cut back foreign worker pool
Singapore
AMID calls from some quarters for a reduction in the number of migrant workers in Singapore, several trade associations and commerce chambers have urged the government to take a considered and calibrated approach to migrant worker policies.
In separate statements all issued on Wednesday, they highlighted that reducing the number of foreign workers (FWs) would adversely affect Singapore's economy and jobs, increase costs as well as blunt the nation's competitiveness.
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
International
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
BOE reports record usage of short-term liquidity repo
Philippines central bank not seeing rate hike despite peso weakness: finmin