Sembcorp Marine (SembMarine) “expects losses to continue” for the rest of the year given the continued impact of Covid-19, according to its 1QFY2021 ended March business update.

In the May 3 update, the group notes that supply chain constraints and a shortage of skilled workers continue to be a challenge, as ongoing border controls prevent foreign workers from countries such as India and Bangladesh from returning to Singapore.

In addition, competition for foreign labour has also increased given the recovery of the Singapore economy.

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