Singapore risks business cred with foreign labour restrictions


  • World
  • Wednesday, 06 Aug 2014

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.

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