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Singapore wants top foreign talent to avoid being left behind

Bloomberg8/21/2022 10:23 PM GMT+08  • 2 min read
Singapore wants top foreign talent to avoid being left behind
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Singapore wants to lure more top talent to its shores, joining Germany and the UK in the contest for cosmopolitan professionals.

“In this global contest for talent, Singapore cannot afford to be creamed off, or left behind,” Prime Minister Lee Hsien Loong said in his annual National Day Rally address Sunday. “This is an age where talent makes all the difference to a nation’s success,” he said, adding details will be released soon.

The business-friendly Southeast Asian city has long been a magnet for international talent and the rich. But worries among locals about the large numbers of foreigners and stringent Covid rules led to the largest decline in white-collar expats in over a decade last year.

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