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Singapore Seeks ‘Quality’ Labor in New Foreign Worker Rules

  • Trade minister says financial hub status won’t be affected
  • Officials are ‘quietly confident’ about the economic recovery
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Watch: Singapore's Trade and Industry Minister Chan Chun Sing discusses the government's efforts to support the economy amid the coronavirus pandemic.(Source: Bloomberg)
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Singapore will remain “open and connected” as a financial hub even as it tightens restrictions on foreign workers to protect local jobs amid the recovery from the coronavirus pandemic, Trade & Industry Minister Chan Chun Sing said.

New rules to limit foreign worker visas won’t affect Singapore’s status as a business hub, Chan said Friday in an interview with Bloomberg Television’s Haslinda Amin. The city-state is trying to attract higher-skilled workers and will remain open to foreign talent, he said.