But no U-turn on policies to curb foreign labour inflow, Tan Chuan-Jin reiterates
By Yasmine Yahya, The Straits Times, 26 Oct 2012
WHEN talking to business owners, whether as a minister, customer or friend, Acting Manpower Minister Tan Chuan-Jin says the discussion invariably turns to manpower issues.
Small and medium-sized enterprises (SMEs) are struggling with finding enough workers amid a tight labour market and rising business costs, including high manpower expenses.
Mr Tan told the Singapore Business Federation SME Convention yesterday that the Government is aware of these challenges and will continue to provide support as SMEs are vital to Singapore.
However, he reiterated that there will be no U-turn on policies to restrict the inflow of foreign workers by raising levies and lowering quotas.
The Government will help SMEs cope with these and future moves by managing the pace of manpower tightening carefully, he said.
While Singapore has to keep a steady momentum on this restructuring, the Government will keep a close watch on the global economy and domestic pressures.