Lawrence Wong, the minister who co-chairs the Singapore government’s virus taskforce, told parliament yesterday that Singapore can expect many new build-to-order projects to be delayed by a year or more, while companies in the marine and process sectors “may even have to forgo new opportunities.”
SINGAPORE: Companies in Singapore’s construction, marine and process sectors will be especially hard hit by stricter border measures imposed amid a rise in new Covid-19 cases, while the economy faces a shortage of foreign labour with entry approvals set for prolonged delays, a senior official said.
Lawrence Wong, the minister who co-chairs the Singapore government’s virus taskforce, told parliament yesterday that Singapore can expect many new build-to-order projects to be delayed by a year or more, while companies in the marine and process sectors “may even have to forgo new opportunities.”
Limited time offer:
Just RM5 per month.
