Singapore is trying to attract higher-skilled workers and will remain open to foreign talent, Trade & Industry Minister Chan Chun Sing said. YahooFinance
New rules to limit foreign worker visas won’t affect Singapore’s status as a business hub, Chan said Friday in an interview with Bloomberg Television’s Haslinda Amin. The city-state is trying to attract higher-skilled workers and will remain open to foreign talent, he said.
Singapore’s business community has been under pressure to maintain an appropriate balance of local and foreign workers. Monetary Authority of Singapore Managing Director Ravi Menon said last week the MAS would “intensify” its engagement with financial firms on their hiring practices in order to grow the “Singaporean core.”
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