Let me start by recapping the four targeted enhancements to our work pass framework:Ī. I would like to invite all Members to seek clarifications after my Statement, and consider withdrawing the questions filed for future Sittings so that we can address this issue in the same sitting.ġ1. As part of my Ministerial Statement today, I will address Oral Question Numbers 1 to 18 from today’s Order Paper as well as questions filed by Ms Rachel Ong, Mr Patrick Tay, Assoc Prof Jamus Lim and Mr Don Wee for the sitting on or after 13 September.ġ0. The questions raised on the recent enhancements to the work pass framework – across 24 Parliamentary Questions – generally seek more details on the targeted enhancements to attract global talent, and our ongoing efforts to develop our own local talent pipeline.Ĩ. In this race, Singapore is coming from a position of strength, but we cannot stand still. As we move to create a high value, inclusive and more sustainable economy, there are many opportunities for us to capture, be it in the green sector, AI, or FinTech. And to do that, we need to attract the best from around the world, even as we do our utmost to develop local talents in each field. These are the rainmakers of the world, whom we hope to bring to Singapore, so that we can tap on their networks, grow teams around them and learn from their expertise, and through this efforts, we can level up our industries as well as our workforce.ħ. Australia and the United Arab Emirates (UAE) have also launched talent visas of their own. And within the last month, countries much nearer to us such as Malaysia and Thailand have done the same. I do not think it is a mere coincidence that countries and even cities around the world have upped their game to attract global talent. They know that when it comes to talent, you can never have enough – because of the virtuous cycle that I talked about.ĥ. PM mentioned Germany and the UK in his National Day Rally speech.
They have populations larger than ours, but are still going out of their way to court global talent. Many countries know this and are playing an offensive game. Getting this right is all the more critical for Singapore, where people are our only real resource.Ĥ. Those that don’t, stagnate and worse, fall behind. Countries that manage to develop and anchor talent benefit from this virtuous cycle, which benefits everyone in the workforce. And talent and the teams they develop around them in turn attract more businesses and encourages them to grow higher value activities. Businesses attract talent with these attributes, local and global. It is the skills, the knowledge and the ingenuity of a country’s people that generate economic prosperity. At its core, economic development is human capital development.
Our goal is simple and unchanged: to create more opportunities for Singaporeans, at every level of the workforce.ģ. I recently announced targeted enhancements to our work pass framework, to better attract top global talent and experienced tech professionals in areas of skills shortage.Ģ.
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