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Singapore Budget 2019: Singapore to cut services sector dependency ratio ceiling, defer foreign worker levy rates for shipyard and process sectorsSINGAPORE will reduce the services sector Dependency Ratio Ceiling (DRC) in two steps, from 40 per cent to 38 per cent on Jan 1, 2020, and to 35 per cent on Jan 1, 2021, Finance Minister Heng Swee Keat said in Parliament on Monday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore Budget 2019: Lower foreign worker quota in services sector; continued support for unemployed PMETsSINGAPORE - To keep Singapore's services sector competitive, companies in the sector will have to rely even less on foreign workers.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Govt chooses potential election year to cut foreign worker quota to 35%Finance Minister Heng Swee Keat delivered his budget speech today and announced that the Government will significantly reduce the foreign worker quota and S Pass worker ratio for the services sector.
Source: IndependentSG - 🏆 2. / 72 Read more »
Singapore Budget 2019: Singapore to cut services sector dependency ratio ceiling, defer foreign worker levy rates for shipyard and process sectorsSINGAPORE will reduce the services sector Dependency Ratio Ceiling (DRC) in two steps, from 40 per cent to 38 per cent on Jan 1, 2020, and to 35 per cent on Jan 1, 2021, Finance Minister Heng Swee Keat said in Parliament on Monday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Budget 2019: Government to tighten workforce quota for services sector from 2020The workforce quota for the services sector will be tightened as some segments remain “very labour-intensive”, Finance Minister Heng Swee Keat announced on Monday (18 February) in his 2019 Budget statement.
Source: YahooSG - 🏆 3. / 71 Read more »