The Ministry of Manpower, Ministry of Trade and Industry, and economic agencies of Singapore are set to announce new initiatives to attract top foreign talent, particularly for key sectors. Prime Minister Lee Hsien Loong said that while the country already has schemes to attract and retain top talent, especially in the technology industry, it needs to do more, especially in sectors with “good potential”. Singapore has a window of opportunity as talented individuals look for places where they and their families feel safe and welcome, while businesses want to invest in places where the talent is and where the politics and policies are stable, and where the system works. PM Lee said they must seize this opportunity to secure Singapore’s place in the post-Covid world.
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