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Singapore Businesses 'Face Labor Issues in 2012': Report
Melissa Tan - Straits Times Indonesia | December 30, 2011

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Valkyrie
6:00pm Dec 30, 2011

nonredneck...

Would you associate corporate slaves as people who are underpaid, overworked and underappreciated.

So, you say that Singapore's majority belongs to this category. Hmmm...??? You know why the hmmm? One in every 6 household in Singapore has assets worth more that one million dollars. (Bloomberg) Truly, I won't mind being a 'corp slave there.'

The current population of Singapore sits at 5 million. Do your maths and find out how many millionaires they have.

I have to say that you are correct about the last elections in Singapore. LKY/PAP were petrified and I guess it's back to the drawing board once again for the next.

nonredneck
4:41pm Dec 30, 2011

Rightfully so! with that irrational "foreign worker fear" Inflation was all over asia not only in sg. Sticky situation with democratic voting system. The majority don't have a good grasp of the whole economic cycle yet u need their vote, only minority are business starter, & singapore majority are corporate slaves. The latest election proofed to be toughest for PAP.

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Manpower issues will be the key concern of many businesses next year, according to the Singapore Business Federation (SBF) on Thursday.

It said its members have reported that it will be "a challenge to manage their employees in this uncertain situation, given the tight labour market in Singapore."

SBF said in its end-of-year report that the consensus on 2012 was that it would be "a challenging year for business."

"Coupled with recent changes in foreign worker policies and labour laws, manpower issues will form key concerns of our members in 2012," it said.

"These are issues where SBF hopes to offer a platform for engagement between our members and the government."

SBF members include small- and medium-sized enterprises (SMEs) and larger firms.

SBF pointed to the SME Committee launched earlier this month as the kind of platform that will make possible an exchange of views between the private sector and government.

The committee will be made up of nominees with SME expertise and representatives of business chambers and industry associations with a sizable number of SME members.

It will initially focus on rising business costs, labour supply, international expansion and productivity.

SBF said it was "sure our SME members will raise many human resource issues" with the SME Committee.

It also noted that the situation of businesses was "not all gloom and doom", even if "our economy will be impacted by the slow recovery in developed markets and will continue to be threatened by the euro zone debt crisis."

Businesses can look for opportunities in Asia and emerging markets such as Africa to "diversify and grow" in the midst of the global economic slowdown, it said.

It noted that underlying demand in Asia and emerging markets like Africa was still strong.

Reprinted courtesy of Straits Times Indonesia. To subscribe to Straits Times Indonesia and/or the Jakarta Globe call 021 2553 5055.