SG’s workforce hit by move away from foreign labour
Companies have to pay higher levies for lower-skilled foreign employees under a new Singapore government policy. Photo: Bloomberg (18 Aug) - Singapore's move to reduce its reliance on imported workers following a backlash is spurring change in the makeup of its workforce. Tony Cousens spent more than S$100,000 (HK$610,094) to...
Indian authority fines Temasek Holdings
(16 Aug) - Competition Commission of India (CCI) has fined Singapore government investment arm, Temasek Rs 50 lakh in the fair trade regulator's first ever penalty against a foreign government entity for late filing of application seeking anti-trust approval for an M&A deal. The fine has been imposed on Temasek Holdings...
Rich world’s biggest jobs growth nears end in Singapore
Foreign workers wait for their transportation to work, outside their dormitory in Singapore. (16 Aug) - Tony Cousens spent more than S$100,000 ($79,000) to find waiters and housekeepers for the Ramada and Days Hotels in Singapore. Months after the two establishments opened, he is still about 100 people short. Cousens’s plight...
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