Singapore risks business cred with foreign labour restrictions


  • World
  • Thursday, 31 Jul 2014

SINGAPORE (Reuters) - Singapore risks tarnishing its business-friendly reputation by implementing new labour laws that require companies to prioritise hiring locals over foreigners for middle income jobs, analysts say.

From Friday, large and medium-sized companies looking to hire workers with a monthly salary below S$12,000 (£5,696) must advertise the positions on a government-run online job database that only Singapore citizens and permanent residents can apply through.

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