BBC News, 23 Nov 2008, Mariko Oi
"Mark Ellwood has been working for professional recruitment firm Robert Walters in Singapore since 1999. He says things are only getting worse.
"What we're seeing now is job cuts within the financial services industry. But it will start to then have an impact on the larger mainstream market.
"Most organisations are coming up to the budget time and they are very cost conscious, which makes them focus on head counts."
And some impact on the service industry is also inevitable. Out of the 4.6 million people who live in Singapore, almost one million are expats."
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