Yahoo! News Singapore, 24 Feb 2012The recent adjustments to policies regarding foreign workers in this year's Budget may prove detrimental to the inflow of foreign investments, say economists, businessmen and tax experts.
Speaking on Thursday at the PricewaterhouseCoopers Budget 2012 seminar, these experts were referring to the government's announcement that it will contract its dependency ratio ceilings (DRCs) for foreign workers in the manufacturing and service industries — the two sectors that employ the highest number of foreigners here. Full story
