13 Aug '11, 9am

Businesses eye PM's National Day Rally speech

Businesses eye PM's National Day Rally speech

SINGAPORE: This year's National Day Rally speech by the Prime Minister comes at a tumultuous time for business. The prospect of recession is real; opposition to domestic labour policy is ringing loudly, and the global slowdown is compounding the problems. The government's pledge to be more people-centric, after suffering its worst election result since independence, may have won back some voters but perhaps not among small business. Kurt Wee, Vice President of the Association of Small and Medium Enterprises, said: "I think right now the SMEs are facing a double choke. First, you have the political rhetoric whereby the citizens are calling for limitations on immigration policy. "And then at the same time, the government has announced that they will increase the worker's levy in three industries and these three industries are industries where few or no Singaporeans want to w...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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