Economic Affairs

Talent crunch will set back transformation

Government's own schemes could be rendered less effective if it retains tight control on inflow of skilled talent, depriving companies of much-needed manpower

ST ILLUSTRATION : MIEL

What's the No. 1 item on the wish list of local small and medium-sized enterprises?

According to the United Overseas Bank Asean SME Transformation Study reported in The Sunday Times last week, it is "Subsidies to ease the burden of rising manpower costs".

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A version of this article appeared in the print edition of The Straits Times on February 28, 2018, with the headline 'Talent crunch will set back transformation'. Subscribe