Singapore’s demand for foreign labour is likely to remain high due to the structure of the country’s resource-scarce economy, says an expert.
Replying to Yahoo! Singapore’s queries regarding the meeting, Chia Siow Yue, senior research fellow at SIIA, said “for business cycle and structural reasons, Singapore will have to depend on foreign labour. The critical question is what degree of dependence?”
He believes that work permit holders, which makes up the majority of foreign labour in Singapore, will have to be curtailed to enable more skilled foreign workers to help economic restructuring and productivity improvement. Full story
