SINGAPORE: The Monetary Authority of Singapore (MAS) on Thursday (Aug 27) said it supports the move by the Ministry of Manpower (MOM) to increase ...
for all EP candidates will be raised by S$600 to S$4,500 from Sep 1. For EP candidates in the financial services sector, this will be increased by a further S$500 to S$5,000 from Dec 1.
READ: Minimum qualifying salary to rise by S$600 for Employment Passes and S$100 for S Passes, higher requirement for financial services "While job creation will be slower in the second half of the year and could remain muted next year, the financial sector is well positioned to be an important source of job opportunities for Singaporeans in the years ahead."
Ms Jacqueline Loh, deputy managing director of markets and development at MAS, said: “The move towards the higher salary criteria for EP candidates complements MAS’ manpower development programmes to expand job opportunities and deepen local capabilities.
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