Amid weakening ringgit and inflation, more Malaysians seek jobs in Singapore

SINGAPORE: In response to the squeeze of inflation and the depreciation of the Malaysian ringgit, a growing number of Malaysians are turning their sights to neighboring Singapore in search of better job opportunities. Recruitment companies in both countries have reported a significant uptick in Malaysian job seekers exploring options across various industries in Singapore.

The allure of Singapore lies not only in its stronger economy but also in the substantially higher wages that Malaysian workers can potentially earn. Cultivar highlighted that many Malaysians view Singapore as a place where they can earn double what they might make in their home country for similar roles.

Acknowledging the historical ties and cultural similarities between Singapore and Malaysia, Singapore’s Ministry of Manpower told CNA that it anticipates a continued influx of Malaysian workers into the Singaporean job market. However, the ministry also stressed Singapore’s commitment to maintaining a balance in its workforce composition, ensuring the protection of local livelihoods through measures such as foreign worker quotas and levies.

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