Requiring larger companies to pay higher retrenchment benefits may also put more jobs at risk if the firm is in financial difficulty, said the manpower minister.
Skilled trades will remain essential in Singapore’s future economy, but the workforce is ageing, says Manpower Minister Tan See Leng.
Teacher aides and F&B stall assistants are also among the roles that can be filled by work permit holders from more countries.
The new ONE Pass (AI and Tech) track counts employee stock options and share ownership towards the requirement of earning at least S$30,000 a month.
The launch of Great Eastern Private comes as wealth transfers gather pace across Asia amid heightened geopolitical and market uncertainty
