Budget Debate: More moves to help firms as economy under revamp

Professor Sum Yee Loong from SMU School of Accountancy spoke at the ICPAS Budget Forum as one of the panelists. Professor Sum commented that he was pleased by the move to tighten foreign labour as it showed that the government was listening to the disquiet from the ground on an influx of foreigners. He added that the move would greatly benefit the lower-income as it was this group that was most affected and did not have much income growth because of the influx of foreign labour in recent years.