9 October 2020 3 ESS Council Members on “Employers and workers must change mindsets to face harsh reality of economic crisis: Economists”

“Mr Song Seng Wun, an economist from CIMB Private Bank, said the resident unemployment rate here could creep up to just below 5 per cent.
Read more at https://www.todayonline.com/singapore/employers-and-workers-must-change-mindsets-face-harsh-reality-economic-crisis-economists”

“Agreeing, Maybank Kim Eng economist Chua Hak Bin said he expects the total unemployment rate in Singapore to climb to above 4 per cent. 
Read more at https://www.todayonline.com/singapore/employers-and-workers-must-change-mindsets-face-harsh-reality-economic-crisis-economists”

“If the foreign worker situation is going to remain tight, we will have to be willing to look within the domestic sector,” said Ms Selena Ling, the head of treasury and research at OCBC bank.” 

To read more, click here. (Source: Tessa Oh- Today)