Foreign worker flow choked
From July, manufacturing firms will see their quota of foreign workers reduced from 65% to 60%, while the quota in services will drop from 50% to 45%. (The Star, 17 Mar) - FOR the first time in years, Singapore is cutting back on the intake of foreign workers to placate widespread public resentment. “In the next five years,...
40,000 Indian nationals to work in EU in return for lucrative export deals
At least 40,000 Indians may be allowed to work in Europe, including 12,000 in Britain alone, under a secret trade plan between the European Union and New Delhi, a media report said, citing leaked documents. The EU has proposed that 40,000 Indian workers will be admitted to Europe without any labour market test as part of...
The Greek crisis is only the beginning
(EU, 19 Mar) - The media reports referred to it as the Greek bailout. This is a complete misnomer. The €130 billion package agreed to by euro zone finance ministers last week was not a bailout of Greece, but of the banks and financial institutions that invested money in its bonds. It is estimated that out of every euro...
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