The Singapore National Employers Federation has recently expressed disapproval over the National Trades Union Congress’ proposal to introduce paternity leave and extend maternity leave. Singapore.
The labor movement earlier proposed to extend maternity leave from the current four-month period to six months of paid leave, plus an option for six months more of unpaid leave...Commenting on the issue, Mr. James Nuben, Head of Tax Division at Asiabiz Services, a Singapore company registration specialist, said, “While productivity loss is a valid concern, we should remember that the more pressing issue is Singapore’s dwindling fertility rate. If we can’t increase our birth rate, how can we sustain economic growth five, ten years down the road?”
Mr. Nuben then cited a recent study by the Civil Service College and the Institute of Policy Studies (IPS), which revealed that Singapore’s workforce growth can potentially dramatically decrease even if the city-state attracts more foreigners. Additionally the elderly support ratio would dramatically decrease from 6.3: 1 in 2011 to 2.1:1 in 2030.”
“With the MOM’s current restrictions on the inflow of foreign workers, the total population is indeed at the brink of a major decline...Asiabiz Services is a Singapore-based consultancy that offers business solutions for both local and foreign professionals, investors and entrepreneurs. Our areas of expertise include Singapore company setup, incorporation, offshore company registration, accounting, taxation and other related corporate services. Asiabiz Services also provides Singapore employmenty pass immigration services for foreign professionals wishing to form a Singapore company.
120 Telok Ayer Street, Singapore 068589
Phone: +65 6303 4614
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