Foreign business chambers worry about anti-foreigner sentiments

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FOREIGN business chambers in Singapore are concerned about the rise in anti-foreigner sentiments and the possible effect on foreign investment, as they shared in an Oct 1 dialogue with Minister for Trade and Industry Chan Chun Sing, hosted by the Singapore Business Federation (SBF). Read more at The Business Times.

"They noted that many of their members were worried that such sentiments and scrutiny were giving the wrong impression to the international business community that Singapore was becoming closed to foreign investments and global talents. This could affect global businesses' future investment decisions."

"I assured the participants that Singapore is deeply cognisant of the importance of staying open and connected to the world. This will never change," said Mr Chan in his post. He said he was heartened by the business chambers' assurances that their members"were deeply committed to developing their Singapore workforce and would continue to abide by fair hiring practices".

 

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Business chambers voice concerns that anti-foreigner sentiment may give impression S'pore becoming closed to global investment, talentSINGAPORE — Concerns over the recent rise in anti-foreigner sentiment and scrutiny of the role of foreign manpower in the Singapore economy were among issues raised by foreign business chambers which participated in a dialogue with Trade and Industry Minister Chan Chun Sing on Friday (Oct 2).
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