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Finance Expats Flee Singapore Restrictions – Sunday Times

The city-state has put in a number of measures to ensure what it calls ‘protections for local employees’ by cutting back visas and raising the salary level for foreigners


The number of expatriate finance professionals in Singapore has fallen to its lowest in more than 10 years, according to official data.
Singapore is cutting back visas and raising the salary level for foreigners to the equivalent of nearly $4,000 a month, the London paper said. File photo: Reuters.

 

The number of expatriate finance professionals in Singapore has fallen to its lowest in more than 10 years, according to official data, as foreign companies flee what some have described as mounting xenophobia, The Sunday Times reported.

The city-state has brought in a number of measures to ensure what it calls ‘protections for local employees’ by cutting back visas and raising the salary level for foreigners to the equivalent of nearly $4,000 a month, the London paper said.

Read the full report: The Sunday Times.

 

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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