Singapore to face labour shortage amid tightened Covid-19 measures

Companies in Singapore’s construction, marine and process sectors will be especially hard hit by stricter border measures imposed amid a rise in new Covid-19 cases, while the economy faces a shortage of foreign labor with entry approvals set for prolonged delays, a senior official said.

Lawrence Wong, the minister who co-chairs the Singapore government’s virus taskforce, told parliament Tuesday that Singapore can expect many new build-to-order projects to be delayed by a year or more, while companies in the marine and process sectors “may even have to forgo new opportunities.”