Why Singapore is giving some firms a higher foreign manpower quota

Opportunities abound as tectonic shifts in the global economy are under way, but firms must prove deserving.

The small and open economy relies heavily on external demand to generate growth and create good jobs for Singaporeans. PHOTO: ST FILE
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It is go time for Singapore in the race to soak up foreign investments before higher lending rates dent business confidence and lead firms to tighten belts.

The small and open economy relies heavily on external demand to generate growth and create good jobs for Singaporeans. Attracting investments from established industry titans and high-growth enterprises that will become tomorrow’s new captains of industry is a big part of that strategy.

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