Industry groups in Singapore warned that a reduction in foreign workers would have numerous implications on the economy.
They were reacting to a call for a change of policies with migrant workers making up over 90 percent of Singapore's COVID-19 cases.
They added that such a reduction would have a ripple effect on jobs for Singaporeans and housing prices.
The industry groups pointed out that companies would face many challenges in filling labor-intensive roles due to Singapore's aging population and low birth rate.
Singaporeans also prefer being professionals, managers, executives, and technicians (PMET).
The industry groups from manufacturing, marine, and processing said jointly that with Singapore's limited workforce, the industries would not be able to stay competitive without sufficient migrant workers.
They added that should Singapore lose its competitive edge, not only would the demand for labor drop, but there will likewise be fewer PMET jobs for Singaporeans.


Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
Australia’s December Trade Surplus Expands but Falls Short of Expectations
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
Thailand Inflation Remains Negative for 10th Straight Month in January
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 



