Singapore's work pass tightening may push up business costs; balance needed to draw skilled talent

SINGAPORE – Singapore will need to strike a balance between ensuring it remains entrenched as a global financial and manufacturing hub while soothing the disquiet among locals over competing for jobs with foreigners.

While reiterating their commitment to Singapore and their own fair hiring practices, local and foreign companies, chambers of commerce, trade bodies and experts hoped the new employment regulations will not be protectionist or result in lopsided barriers of entry against foreign talent.

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