Work pass rules: Treading a fine balance

THIS WEEK'S TOPIC: How do you see the impact on industry and the economy of further tightening of work pass rules over time ?

Tonny Loh Partner Heidrick & Struggles Singapore

We don't know all the changes yet, but based on what was already announced, in the short term, costs and prices will likely increase in the domestic sectors, but so will wages. This will benefit Singaporeans as our export sectors will likely remain globally competitive.