Just ended my economics class awhile ago and there were some interesting discussions today. Some of the discussions include
1) the problems of ageing population in singapore,
2) the restriction of foreign workers by increasing foreign worker levy
3) why singaporeans have to retire later as retirement age is constantly increasing.
All these are big topics and it has been debated for the past few years in our homeland, singapore.
So what has this got to do with our analysis of companies to invest? I think as our economy becomes more competitive and we face a shortage of manpower due to ageing population, companies need to restructure the way they do their business in order to stay competitive.
The restriction on foreign workers has impacted businesses in singapore already especially in the f&b sector, the services sector and construction sector etc. Why is the government imposing a higher levy on …