New Labor Laws Increasing Cost For Singapore F&B Businesses

Singapore’s restrictions on importing foreign labor have made it tough for the city-state’s retailers and food outlets to find workers, limiting expansion plans and damping retail rents.

“Almost everyone is facing labor problems,” said Alan Cheong, senior director for Singapore at real-estate service provider Savills, citing feedback from the company’s retail team.

The Singapore government, which has faced public opposition to the country’s liberal immigration policies, has announced a slew of measures this year to limit the influx of foreign workers to ease pressures on the public transportation system and housing cost increases.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu