Some Firms Seeking Greener Pastures: Chambers of Commerce

Some Firms Seeking Greener Pastures Chambers of Commerce

According to a recent Business Times report titled “Several foreign firms prepare to leave S’pore,” some international firms that have opted for Singapore company incorporation have begun to feel the weight of the labour measures effected last year and are shipping out.

Singapore’s American Chamber of Commerce (AmCham), for example, supplied a manpower survey, which revealed that some 5% of its respondents have moved their operations overseas and 15% more are bracing to do so.

In addition, the Australian Chamber of Commerce in Singapore (AustCham), has written a letter to Singapore’s Acting Minister for Manpower Tan Chuan-Jin early this week. This letter was written on behalf of eight other national chambers of commerce i.e AmCham, the British Chamber of Commerce, Canadian Chamber of Commerce, EuroCham, French Chamber of Commerce, Japanese Chamber of Commerce & Industry, New Zealand Chamber of Commerce and the Singapore-German Chamber of Industry & Commerce.

In the letter, the chambers referred to the Population White Paper that is still being debated in parliament this week, and raised concerns about Singapore’s manpower calibration plans. The chambers also requested for some certainty about the ability to hire people with the necessary skills, knowledge and experience from outside of Singapore.

Read the full version of this article at Rikvin.com.

      • Some Firms Seeking Greener Pastures Chambers of Commerce