SINGAPORE: Focus on retaining workers and improving wages, and this will help bring business to companies, said Manpower Minister Josephine Teo.
When asked why the property tax rebates were not higher, Mrs Teo said that managing costs was only one component of dealing with the current downturn."A whopping 60 per cent of the Stabilisation and Support Package goes into the jobs part of it. Why is this so important? Because if you look at at how businesses are dealing with the current downturn, one part of it is managing costs," said Mrs Teo.
Mrs Teo also explained that the foreign worker levy was not removed because the Government prioritises local employees.
(1/) It is a relief to hear that a prominent government minister has claimed that budget incentives should be pushed towards companies that want to retain workers. It should go without saying that companies should do all they can to retain good workers although far too many of