Foreign worker quota cuts: Tough love for the construction sector
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE Budget put millions of much needed rescue dollars on the table for tourism-related sectors reeling from the Covid-19 outbreak. But construction got tighter quotas on skilled foreign labour, instead of targeted goodies.
These curbs - though unwelcome for industry players - have been read as a sign that the government is looking beyond the virus crisis and pressing on with a big-picture goal to transform manpower-intensive industries.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025