Singapore risks business cred with foreign labour restrictions


SINGAPORE (Reuters) - (This July 31, 2104 story was corrected in the thirteenth paragraph to make clear Credit Suisse's jobs relocation was made before new hiring rules were announced)

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.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Russian court sentences former governor to 14 years in prison for corruption
North Korea welcome's Seoul's expression of regret over drone incursion
Younger Hungarian voters spurn Orban, some say they will leave if he is re-elected
Exclusive-Ukraine missile maker targets 'game changer' air defence system by 2027
Ukraine says it struck Russian missile carrier in Novorossiysk, rig near Crimea
Democrats see a chance to win back Latino voters in southern Florida
Iran has formulated its response to ceasefire proposals, foreign ministry spokesperson says
Senior Russian commander killed in March air crash, official says
Ukraine regains control of frontline areas in southeast and east, army chief says
PETRONAS-chartered tanker loaded with Iraqi crude passes through Strait of Hormuz

Others Also Read