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Singapore on âknifeâs edgeâ amid labour shortage 3 published : 11 May 2021 at 16:52 View of construction of new private residential properties in Singapore on April 29 this year. (Reuters photo) Singapore, battling an uptick in Covid-19 cases after months of success in containing the pandemic, says the virus situation is at a tipping point as it grapples with the costs of imposing more restrictions. Companies in the country’s construction, marine and process sectors will be especially hard-hit by stricter border measures imposed amid a rise in new Covid-19 cases, while the economy faces a shortage of foreign labour with entry approvals set for prolonged delays, according to Lawrence Wong, the minister who co-chairs the government’s virus taskforce. ....
May 11 2021, 4:34 PM May 11 2021, 12:36 PM May 11 2021, 4:34 PM (Bloomberg) Discover whatâs driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here. (Bloomberg) Discover whatâs driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here. Singapore, battling an uptick in Covid-19 cases after months of success in containing the pandemic, says the virus situation is at a tipping point as it grapples with the costs of imposing more restrictions. Companies in the countryâs construction, marine and process sectors will be especially hard-hit by stricter border measures imposed amid a rise in new Covid-19 cases, while the economy faces a shortage of foreign labor with entry approvals set for prolonged delays, according to Lawrence Wong, the minister who co-chairs the governmentâ ....