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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