Reuters India, 16 Sep 2009
SINGAPORE (Reuters) - Singapore will restrict the flow of foreign workers as the global economic recession hits the city-state's robust growth, Prime Minister Lee Hsien Loong said.
Singapore's annual economic growth slowed to just 1.1 percent in 2008, compared to around 8.2 percent between 2004-2007. The unemployment rate hit the highest level in five years for the export-dependent economy.
"We will not continue to admit people at this pace," Lee said in a speech to students at Nanyang Technological University on Tuesday. "We cannot expect to continue booming as in the last few years."
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Related:
Singapore signals a slower intake of immigrants - The Malaysian Insider
Singapore will slow down migrant intake: report - AFP
Singapore will slow down migrant intake - ABS-CBN News
Singapore to rein in immigration - Financial Times
Foreign Workers to be limited by Singapore - TopNews
