Budget 2025 likely to invest in keeping workforce competitive, attracting talent: observers
They believe that while Singapore may aim to woo expatriates, it is unlikely to loosen its broader foreign worker policy
Add BT as a preferred source
AS DOWNSIDE economic risks loom, manpower-related moves in Budget 2025 should aim to keep Singapore attractive to foreign talent, while boosting skills and wages of local employees, watchers told The Business Times.
Prime Minister and Finance Minister Lawrence Wong has said that training, skills and jobs will be a major theme of Budget 2025 – a stated priority which “goes beyond simply addressing unemployment”, said OCBC chief economist Selena Ling.
Employers expect better access to manpower and support for wages and training, while workers are concerned about job security and wage growth, she said.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Is it time to scrap COE categories for cars?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
