18 Feb '11, 9am

Budget 2011: Foreign workers to cost employers more: SINGAPORE: Employing lower-skilled foreign workers will soo...

SINGAPORE: Employing lower-skilled foreign workers will soon cost more, with the Singapore government introducing further levy increases for all sectors this year. This is above earlier increases announced last year. For the manufacturing sector, the foreign levy will go up by another S$60. For the services sector, the average levy will increase by a further S$180 and for the construction sector, S$200 more. To manage the continued increase in demand for S Pass holders, the govenment will also increase the levy rates for this category to S$450. The overall dependency ratios for all categories of foreign workers will remain unchanged. Speaking in parliament on Friday, Finance Minister Tharman Shanmugaratnam said taken together, the increases in foreign worker levies and CPF contributions will raise business costs. The CPF changes will increase annual labour cost by 0.5 per ...

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

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