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From foreign talent to Singapore talent

It is important that Budget 2020 focus on supporting all employers in all sectors in retraining existing employees in essential future technological skills.

Singapore has started to shift its focus from attracting foreign talent to grooming local talent. As a result, many tax breaks previously available to foreigners to attract them to relocate and be based in Singapore are being removed or phased out.

IN HIS New Year message delivered on Dec 31, 2019, Prime Minister Lee Hsien Loong stressed the importance of Singapore remaining an open economy in today's volatile world. He signalled that the upcoming Budget 2020 will continue to work towards helping both businesses and individuals maximise...