SUBSCRIBERS
A more nuanced approach to restructuring
Embracing innovation instead of relying on cheap foreign labour will reap greater long-term rewards
Add BT as a preferred sourcePublished Mon, Feb 23, 2015 · 09:50 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE will slow the pace at which it is squeezing foreign worker inflows, but the government made sure that this would not be mistaken for a U-turn on restructuring.
Even as Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam announced that foreign worker levy hikes earlier scheduled for this July would be pushed back a year - a move businesses have been hoping for - he stressed that this change in pace was not a change in direction.
Copyright SPH Media. All rights reserved.
