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.

CNBC

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