Singapore Immigration Updates: Four Ways COVID-19 Alters Singapore’s Foreign Employment Policy
Velocity Global
OCTOBER 30, 2020
Despite being one of the world’s most competitive economies, Singapore has not escaped the financial shock caused by COVID-19. Singapore’s Finance Minister, Mr. Heng Swee Keat, considers the pandemic to be “the country’s biggest crisis since independence.” According to the Labour Market Report , Singapore experienced its sharpest employment rate decline on record in the second quarter of 2020 as employee retrenchment doubled.
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