SINGAPORE cannot keep adding foreigners to its workforce and will have to grow the economy by raising productivity, the city-state's prime minister said yesterday, two days after his party lost ground in an election fought over, among other issues, immigration.
The long-ruling People's Action Party was swept back to power in Saturday's election, but the opposition made historic gains by focusing on various grievances such as an influx of foreigners into the country.
"We can't grow by increasing the work force indefinitely. There has to be some growth in the work force over time but our objective is also to increase incomes," Lee Hsien Loong said at a lunch with senior corporate executives of the country's sovereign wealth fund GIC. More...
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