Making sure Singapore workforce is globally competitive
We refer to the Forum letter, "Find out why firms prefer to hire foreign professionals" (Feb 27) . There are valid reasons why employers still hire foreign professionals even as we continue to strengthen the Singaporean core. First, Singapore, a global financial centre, is home to 46 per cent of Asia's regional headquarters, and these companies would base their professionals, whether Singaporeans or foreigners of different nationalities, here to serve their regional and global operations. Second, foreign professionals help Singapore to seize new business opportunities or to grow new industries quickly, while we develop Singaporeans for these new job opportunities. This strategy has enabled Singapore to grow industries like electronics and pharmaceuticals. Third, even as capabilities are transferred to locals through the many schemes and programmes, there will always be a skills shortage in new growth areas. For example, the infocomm sector employs around 200,000 profe...