12 Feb '11, 12am

MM Lee said S'poreans have to accept reality: fewer foreigners, slower growth

MM Lee said S'poreans have to accept reality: fewer foreigners, slower growth

(From left) Senior Parliamentary Secretary Sam Tan, Minister for Information, Communications and the Arts Lui Tuck Yew, Minister of State for Defence Koo Tsai Kee, MM Lee Kuan Yew, Tiong Bahru Citizen?s Consultative Committee chairman Lee Sze Leong, Ms Indranee Rajah and Mr Baey Yam Keng joining in a toast at a Chinese New Year dinner for residents, held at Tiong Bahru Community Centre yesterday. -- ST PHOTO: SAMUEL HE THE way Singaporeans have been reacting to the wave of foreigners coming here to work has a huge bearing on Singapore's growth this year. It is a key reason for the slower growth being forecast for this year after a 'splendid' 14.7 per cent growth last year, said Minister Mentor Lee Kuan Yew on Friday. 'To keep up our strong performance, we needed more (foreign) workers. This caused some disquiet. So we are slowing down the numbers of new permanent residents...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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