Foreign labour has long been a hot button issue in the financial hub, with uncertainties during the COVID-19 pandemic further fanning employment worries among locals.
Menon's comments come at a time when Singapore is adopting stricter visa and hiring restrictions, in bit to allay local concerns about foreign workers snapping up higher paying jobs. The move to tighten foreign hiring rules also comes at a time when Singapore is expected to be able to woo more expatriate professionals leaving the region's other main financial hub Hong Kong due to political uncertainty and after strict Covid-19 lockdowns.
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