Singapore – Singapore will have to remain open to foreign skill even as it tightens the brakes of immigration to maintain local jobs, its prime minister said Wednesday, warning that an inward turn would be a blow to the global business center facing a record recession.
Employment concerns have diverted attention from their maximum levels of immigration, a factor highlighted through opposition parties in July’s general election, in which they introduced a historic challenge to continued government control. governing party.
“We may be under pressure now, but we can’t turn to ourselves. “
Lee’s government, which has been restricting the influx of foreigners for several years, is taking more steps to publicize local procurement. Last week, he raised the wage threshold for issuing paint passes to foreigners, the moment is piling up this year.
Singapore’s business-friendly political stability and policies have long attracted investment from global companies.
Lee said a pharmaceutical company, which he did not name, sought to build a vaccine production plant in Singapore and that several Fortune 500 corporations were moving their regional headquarters to the city-state.
Financial corporations also sought to expand, adding up their generation operations.
“But for them to come here, they want to feel welcome and to be allowed to bring the skill they want,” he added.
Online vitrious foreigners incited state investor Temasek [TEM. UL] to report “racist” messages to its employees.
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