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In a speech on Tuesday (September 8), Trade and Industry Minister Chan Chun Sing assured companies that Singapore will remain open to top international talent.
Delivering a keynote speech at a webinar hosted by Standard Chartered Bank, Chan’s comments come alongside increased scrutiny on the issue of foreign talent in Singapore that has left some companies anxious.
Mr Chan added that “we want the best and the brightest in the world to be with the Singapore team” and said this will help increase Singapore’s skills and capabilities as these talents compete alongside Singaporeans rather than Against them.
Ultimately, this will also benefit Singaporeans rather than replace or harm them, he clarified, stating that “we will continue to attract international talent in a calibrated way, as we have always done.”
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He also explained that although the government has toughened foreign worker policies, it is not a sign that it is rejecting the best international talent, but rather to show that it takes “seriously discriminatory hiring practices.”
“All companies, regardless of size or nationality, will have to play their part in building Singapore’s workforce and giving Singaporeans a fair chance at the same job opportunities,” he said.
“We also like to encourage all of our companies to have a diverse workforce, and not be overly dependent on any one foreign country… this is just part of good business practice and will also help us in our social integration.
“This is how we will continue to keep Singapore relevant as the preferred hub for businesses,” Chan added.
Last month, Chan echoed similar sentiments when he said in an interview with Bloomberg Television’s Haslinda Amin that new rules to limit visas for foreign workers will not affect Singapore’s status as a commercial center.
The country is trying to attract more skilled workers and will remain open to foreign talent, he added.
“We are moving towards quality rather than quantity,” he said. / ITGS
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