Manpower crunch a challenge for SMEs but foreign worker limits to stay: PM Lee
Published on May 7, 2014 12:11 PM
Manpower is a major concern of small and medium enterprises (SMEs) here especially as the inflow of foreign workers is reduced, but the Government cannot ease up on the foreign worker limits, said Prime Minister Lee Hsien Loong on Wednesday.
"We are still allowing in more foreign workers, so the number of foreign workers here is still growing, although not as fast as before and not as much as employers and companies would like. We know that even this is still not enough, and that SMEs have to turn away business because they don't have workers to service the business," said PM Lee.
"But unfortunately we cannot ease up on the foreign worker limits and we hope companies understand. Because we have to manage the inflow, manage what we can accommodate in Singapore, manage the total numbers," he added.
PM Lee was addressing about 400 delegates and participants from across the region at the Malay Muslim Business Conference 2014 at Orchard Hotel.
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