tripleme
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For food and beverage (F&B) businesses, the adjustment to manpower costs would trickle down to affect customers, suggested Cedric Tang, a third-generation owner of Ka Soh & Swee Kee Restaurants.
“At the end of the day, the cost is going down to the consumers. Yes, we can hire Singaporeans, yes we can pay more for the (S Pass) levy, but who’s going to foot the bill? The companies are not going to absorb all the cost increase,” he said.
“It’s not that business is bad; business is okay. But you have to hire the manpower to keep moving forward and to recover. We have faced two years of losses and now it's a recovery period.”
Mr Tang added that Singaporeans might not realise the levy, in addition to the raise in minimum qualifying salaries for S Pass holders, also hurts F&B businesses.
“And that’s the cost that will ultimately trickle down to the consumers. Everyone loses, but the consumer is the one that loses more,” he said.
https://www.channelnewsasia.com/singapore/foreign-worker-pass-permit-salary-ep-s-pass-2508201
“At the end of the day, the cost is going down to the consumers. Yes, we can hire Singaporeans, yes we can pay more for the (S Pass) levy, but who’s going to foot the bill? The companies are not going to absorb all the cost increase,” he said.
“It’s not that business is bad; business is okay. But you have to hire the manpower to keep moving forward and to recover. We have faced two years of losses and now it's a recovery period.”
Mr Tang added that Singaporeans might not realise the levy, in addition to the raise in minimum qualifying salaries for S Pass holders, also hurts F&B businesses.
“And that’s the cost that will ultimately trickle down to the consumers. Everyone loses, but the consumer is the one that loses more,” he said.
https://www.channelnewsasia.com/singapore/foreign-worker-pass-permit-salary-ep-s-pass-2508201