http://www.businesstimes.com.sg/pre...al-foreign-firms-prepare-leave-spore-20130205
[SINGAPORE] Some foreign companies in Singapore have started to pull out of the country as the government tightens the inflow of foreign workers here. More could follow suit.
"While we understand the pressures that Singapore's limited area and resources place on crafting long-term policy, we worry that the trajectory announced could significantly cut workforce growth and have drastic consequences for businesses and the economy of Singapore," said AmCham chairman Simon Kahn.
"As the percentage of Singaporeans qualifying for PMET (professional, manager, executive and technician) jobs continues to increase, the supply of workers to fill these non-PMET roles will continue to shrink. Without access to foreign workers here in Singapore, companies that cannot adapt will be forced to leave the country."
[SINGAPORE] Some foreign companies in Singapore have started to pull out of the country as the government tightens the inflow of foreign workers here. More could follow suit.
"While we understand the pressures that Singapore's limited area and resources place on crafting long-term policy, we worry that the trajectory announced could significantly cut workforce growth and have drastic consequences for businesses and the economy of Singapore," said AmCham chairman Simon Kahn.
"As the percentage of Singaporeans qualifying for PMET (professional, manager, executive and technician) jobs continues to increase, the supply of workers to fill these non-PMET roles will continue to shrink. Without access to foreign workers here in Singapore, companies that cannot adapt will be forced to leave the country."