Foreign firms prepare to leave S'pore

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http://www.businesstimes.com.sg/premium/top-stories/several-foreign-firms-prepare-leave-spore-20130205

Some foreign companies in Singapore have started to pull out of the country as the government tightens the inflow of foreign workers here. More could follow suit.

According to the latest manpower survey by the American Chamber of Commerce (AmCham) in Singapore, 5 per cent of respondent companies, made up of AmCham members, have already moved operations out of Singapore as a result of the labour tightening measures introduced last year.

"As the percentage of Singaporeans qualifying for PMET (professional, manager, executive and technician) jobs continues to increase, the supply of workers to fill these non-PMET roles will continue to shrink. Without access to foreign workers here in Singapore, companies that cannot adapt will be forced to leave the country," said AmCham chairman Simon Kahn.