SINGAPORE, March 16 (Bloomberg): The number of expatriate white-collar workers in Singapore fell to the lowest in more than a decade, suggesting that the city hasn’t yet benefited from an exodus of professionals from the rival finance hub of Hong Kong.
Ministry of Manpower figures released on Wednesday show that Employment Pass holders - a type of visa issued to foreign professionals, managers and executives earning at least S$4500 ($3300) per month - fell by 9% in the year ended December 2021 to 161,700.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!