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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 »
Foreign workers quota cut for services sectorIN A surprise move, the government will tighten the foreign workforce quota for the services sector by reducing the dependency ratio ceiling (DRC) and S Pass sub-DRC in two steps starting next year. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 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 »
Government will help businesses transform, reduce reliance on foreign manpower: Indranee RajahSpeaking on radio station 938Now's Talkback show, the Second Minister for Finance and Education said automation can help businesses cut down on ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Budget to focus on helping companies embrace tech, train workers to lift productivity: HengIT is imperative that enterprises continue to deepen their capabilities so they can stay competitive and seize opportunities that continue to grow in Asia. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »