SINGAPORE: A business association has said that the tightening of rules on hiring foreign workers is putting pressure on multinationals operating in Singapore, Xinhua News quoted local media.
“Nobody is packing up just yet, but they are waiting and running the numbers. If this continues, you would probably see some companies shrinking their Singapore operations over the next few years, and this would mean fewer jobs for Singaporeans,” said Phillip Overmyer, chief executive of SICC. Full story
