Weakness in PMET job market for locals seen to be dissipating

[SINGAPORE] Tertiary-educated Singapore residents - who have experienced a soft patch in hiring over the past year - can look forward to better job opportunities, thanks to recent government curbs on foreign labour inflows.

"Recent manpower policies to tighten the inflow of S Pass and Employment Pass holders will boost the hiring of tertiary-educated residents, particularly at the entry level," the Monetary Authority of Singapore (MAS) said in its Macroeconomic Review released yesterday.

The new Fair Consideration Framework, aimed at ensuring that Singaporean professionals are fairly considered for jobs, will also go some way in boosting these job-seekers' prospects, it said.