Economic News

Asian Countries Workers Allowed to Work in Singapore Due to Heavy Labor Loss in the State

Asian Countries Workers Allowed to Work in Singapore Due to Heavy Labor Loss in the State

Singapore companies have supported the news of the Singaporean government to welcome the reopening of the borders in India and other south Asian countries for workers. These measures will safeguard the construction sector of Singapore that got badly hit by the Covid 19 pandemics. The nation is trying to boost development through the use of these nations as there is a lack of people developing buildings and homes here. They have allowed these country’s people to come to Singapore from Wednesday expressed by a news channel.

People from Asian countries like Bangladesh, India, Nepal, Pakistan, Sri Lanka, and Myanmar have been encouraged by the Singaporean government to enter their LOC from Tuesday midnight. The orders are open on a long-term basis only. Various construction companies of Singapore have welcomed this invitation offer. The rate of workers leaving Singapore is higher than expected but things may take a positive turn when new people will cross the LOC of Singapore.

People who will arrive from the earlier mentioned nations of Asia will come under category 4 border restrictions and for that, they need to stay at home with the allowed facilities before they work. People who already have a travel history of 14 days and have visited Bangladesh, Nepal, Sri Lanka, and morel have been stopped to enter the market for that period only. This means once they complete the 14 day period, they can come back to Singapore with Covid safety certificates.

This would increase the construction sector’s development and growth with ease, said Raymund Ooi, an association treasurer. Things will surely change when the measure is taken into account. This measure will help traders interested in investing in Singapore dollars as the currency of the city will boom in the future as money will flow in. Let’s see what the future holds for Asian countries. For more information, keep reading our upcoming blogs and know everything happening in the trading world.