According to Yip, the EDB has not seen any loss in investment projects due to the tightening labor market and regulations.
"They have not, as a factor, swung their business decisions," Yip said. "No company has told us, 'look, we don't want to come to Singapore anymore because your manpower situation has made you less attractive than before'."
Nonetheless, Yip said companies have come forward to ask the EDB to "train Singaporeans to develop the capability" that firms need, while assuring the EDB that they still choose Singapore as their investment destination. Full story
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