Bloomberg, 1 May 2013
Singapore must avoid going too far on foreign-worker curbs to remain competitive in attracting businesses and investors, Prime Minister Lee Hsien Loong said.
The island should be careful not do “overdo” measures to restrict the inflow of overseas labor as it will raise the cost of doing business and make it harder for companies to operate in the city-state, Lee said in a Labor Day speech to more than 1,000 union leaders and members today.
“If we make it too difficult for companies to get their skills and talent which they need here, they will go elsewhere,” Lee said. “Investors are watching us closely. We must not send the wrong signal that Singapore no longer welcomes business or that they are turning away talent.” Full story
