27 Feb '13, 4pm

SMEs prepare for journey of pain

Retailers, F&B bosses fearing the worst in foreign-worker curbs BYMALMINDERJIT SINGH Mr Tjioe: Manpower crunch will lead to loss of chefs - PHOTO: TUNG LOK RESTAURANTS [SINGAPORE] Moves to further curb the inflow of foreign manpower in Monday's Budget aren't sitting well with some retailers and food & beverage (F&B) operators who believe they will be hit hard. With a dearth of Singaporeans willing to take up jobs in these sectors, retail and F&B firms say that a lack of manpower, resulting from the reduction in foreign worker dependency numbers and the increase in the foreign worker levy as announced in the Budget, would lead to a loss of business and decline in service standards and could force them to either wind down or move out of Singapore. The Singapore Business Federation (SBF) acknowledged that this was a real problem for the service sector in general. "It is clear...

Full article: http://forums.condosingapore.com/showthread.php?p=373629#...

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