Goh Chok Tong: Unlikely To Reverse Foreign Worker Levy Hike

NasdaqSINGAPORE -(Dow Jones)- Singapore is unlikely to reverse an increase in foreign worker levy announced in the budget this year as it seeks to reduce dependence on overseas labor and increase productivity and incomes of the local population, Senior Minister Goh Chok Tong said Tuesday."Some people believe that the Foreign Worker Levy will be reversed if the economy slows down. But don't bank