Picnic06-Biante15 Supersonic November 20, 2013 Share November 20, 2013 (edited) from yahoo : New jobs laws bite into Singapore food outlets, rents Singapore's restrictions on importing foreign labor have made it tough for the city-state's retailers and food outlets to find workers, limiting expansion plans and damping retail rents. "Almost everyone is facing labor problems," said Alan Cheong, senior director for Singapore at real-estate service provider Savills, citing feedback from the company's retail team. The Singapore government, which has faced public opposition to the country's liberal immigration policies, has announced a slew of measures this year to limit the influx of foreign workers to ease pressures on the public transportation system and housing cost increases. Foreigners - which make up almost 40 percent of Singapore's population of 5.4 million - are an important source of cheap employment, particularly for the country's manufacturing, construction and services sectors. "It's holding back the expansion plans of tenants and as a result of that, the demand for space was lacking in the third quarter. That caused rents to be a bit soft," Cheong said. Savills noted rents for the third quarter in the prime Orchard Road shopping belt slipped 1.5 percent from the second quarter, while the vacancy rate rose to 7.7 percent from 7.3 percent a quarter earlier. The company attributes the developments to the foreign labor restrictions stymieing retailers' expansion plans. read more of the stories, link : http://sg.finance.yahoo.com/news/jobs-laws-bite-singapore-food-232916973.html Prepare for a $10/- a bowl of fishball noodle or $2.50 per cup of kopi sui-tai at a normal coffee shop .... Edited November 20, 2013 by Picnic06 ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Gitanic 6th Gear November 20, 2013 Share November 20, 2013 Prepare for a $10/- a bowl of fishball noodle or $2.50 per cup of kopi sui-tai .... or a $3.00 a bowl fishball noodle without fishball. Link to post Share on other sites More sharing options...
Soya Supersonic November 20, 2013 Share November 20, 2013 As the saying goes: Be careful what you wish for. 1 Link to post Share on other sites More sharing options...
Picnic06-Biante15 Supersonic November 20, 2013 Author Share November 20, 2013 or a $3.00 a bowl fishball noodle without fishball. When hawker centre 'chye tau kuay' price at $8/- per packet, imagine the ministar who ate the $10/- one will increase to ...... Link to post Share on other sites More sharing options...
Gitanic 6th Gear November 20, 2013 Share November 20, 2013 When hawker centre 'chye tau kuay' price at $8/- per packet, imagine the ministar who ate the $10/- one will increase to ...... whoever he is must adapt to chye tau kuay without chye tau. Link to post Share on other sites More sharing options...
Enye Hypersonic November 20, 2013 Share November 20, 2013 (edited) from yahoo : New jobs laws bite into Singapore food outlets, rents Singapore's restrictions on importing foreign labor have made it tough for the city-state's retailers and food outlets to find workers, limiting expansion plans and damping retail rents. "Almost everyone is facing labor problems," said Alan Cheong, senior director for Singapore at real-estate service provider Savills, citing feedback from the company's retail team. The Singapore government, which has faced public opposition to the country's liberal immigration policies, has announced a slew of measures this year to limit the influx of foreign workers to ease pressures on the public transportation system and housing cost increases. Foreigners - which make up almost 40 percent of Singapore's population of 5.4 million - are an important source of cheap employment, particularly for the country's manufacturing, construction and services sectors. "It's holding back the expansion plans of tenants and as a result of that, the demand for space was lacking in the third quarter. That caused rents to be a bit soft," Cheong said. Savills noted rents for the third quarter in the prime Orchard Road shopping belt slipped 1.5 percent from the second quarter, while the vacancy rate rose to 7.7 percent from 7.3 percent a quarter earlier. The company attributes the developments to the foreign labor restrictions stymieing retailers' expansion plans. read more of the stories, link : http://sg.finance.yahoo.com/news/jobs-laws-bite-singapore-food-232916973.html Prepare for a $10/- a bowl of fishball noodle or $2.50 per cup of kopi sui-tai at a normal coffee shop .... err.. how do lower rental costs and inability to find workers to expand operations translate into higher prices for food and drinks? Edited November 20, 2013 by Enye 1 Link to post Share on other sites More sharing options...
Jman888 Moderator November 20, 2013 Share November 20, 2013 (edited) Singapore's restrictions on importing foreign labor have made it tough for the city-state's retailers and food outlets to find workers, limiting expansion plans and damping retail rents. slowing down is good Edited November 20, 2013 by Jman888 Link to post Share on other sites More sharing options...
Blackyv Turbocharged November 20, 2013 Share November 20, 2013 As the saying goes: Be careful what you wish for. the problem is when people complaint about FT, they tighten FW... we dont see those large cooperation complaning about difficulty hiring expat do we?... 2 Link to post Share on other sites More sharing options...
Picnic06-Biante15 Supersonic November 20, 2013 Author Share November 20, 2013 err.. how do lower rental costs and inability to find workers to expand operations translate into higher prices for food and drinks? Do you think Singaporean working in hawker centre for 12 hrs for a pay of $1200/- only ... So in order to hire Singaporean to work, chow chow at least $2500/- plus CPF. So $3.50/- for a bowl of bak-chor-mee could support 2 staff per stall (minus the owner)... Link to post Share on other sites More sharing options...
Knoobie Supercharged November 20, 2013 Share November 20, 2013 err.. how do lower rental costs and inability to find workers to expand operations translate into higher prices for food and drinks? Everything translate into higher costs in singapore.. there is nothing that can bring costs down.. even economy crisis will only just suspend the inflation.. Link to post Share on other sites More sharing options...
Blackyv Turbocharged November 20, 2013 Share November 20, 2013 slowing down is good agree... i also wanted to slow down.... just got news that one close working peer, a manager, gotten pancreatic cancer at age of mid 50s........ late stage..... life is unpredictable .... 2 Link to post Share on other sites More sharing options...
Gitanic 6th Gear November 20, 2013 Share November 20, 2013 Radx to eat pork chop w/o pork. Link to post Share on other sites More sharing options...
Freestylers09 5th Gear November 20, 2013 Share November 20, 2013 when a company hard find workers, they dont expand..once dont expand, no pple rent shops etc last month invited 7 companies to quote cleaning, end up 2 come bid, all mai come..said no manpower in market 2 companies bidded one, increase 40% at least who still said worker wages doesnt incur directly or indirectly to inflation,company overhead,profit one? however this is the reality they will say ai jiak mai jiak, u choose..bo bao jiak..LOL 1 Link to post Share on other sites More sharing options...
Enye Hypersonic November 20, 2013 Share November 20, 2013 Do you think Singaporean working in hawker centre for 12 hrs for a pay of $1200/- only ... So in order to hire Singaporean to work, chow chow at least $2500/- plus CPF. So $3.50/- for a bowl of bak-chor-mee could support 2 staff per stall (minus the owner)... the Singaporean aunties and uncles still don't get paid $2500 monthly plus CPF even with the current complaints on labor shortage lower rents would improve bottomline and we really no need an old changkee or mr bean shop at every shopping mall for the sake of expansion Link to post Share on other sites More sharing options...
Mockngbrd Supersonic November 20, 2013 Share November 20, 2013 As the saying goes: Be careful what you wish for. We say we dun wan FT, they go reduce FW. 2 Link to post Share on other sites More sharing options...
13177 Supersonic November 20, 2013 Share November 20, 2013 the problem is when people complaint about FT, they tighten FW... we dont see those large cooperation complaning about difficulty hiring expat do we?... Whether they are FT or FW, general term is still foreigners. Lol. Link to post Share on other sites More sharing options...
Lala81 Hypersonic November 20, 2013 Share November 20, 2013 We say we dun wan FT, they go reduce FW. i don't understand what u are saying. Are these WP holders ? The people not coming in are the EP, S-pass holders. Aren't they the ones getting complained left right and center? We not talking abt bangla and low-end PRC FW. Though there's a shortage of them as well... It's getting very hard to recruit singaporeans as well. As some people are now being lured by other industries who are offering higher pay due to manpower crunch. Retail, construction, service industries and F&B is headed for a slump definitely. 2 Link to post Share on other sites More sharing options...
Icedbs Turbocharged November 20, 2013 Share November 20, 2013 (edited) when a company hard find workers, they dont expand..once dont expand, no pple rent shops etc last month invited 7 companies to quote cleaning, end up 2 come bid, all mai come..said no manpower in market 2 companies bidded one, increase 40% at least who still said worker wages doesnt incur directly or indirectly to inflation,company overhead,profit one? however this is the reality they will say ai jiak mai jiak, u choose..bo bao jiak..LOL Still got 2 come forward not bad already. My friend's company.....their suppliers offered to withdraw from the Approved Vendor list! Say cannot support anymore cos can't find people. Even got continous biz also can't jiak anymore. Edited November 20, 2013 by Icedbs ↡ Advertisement Link to post Share on other sites More sharing options...
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