 "Aerial view of Marina Bay and skyscrapers of downtown in evening at Singapore")
Singapore's Ministry of Manpower is planning to increase the minimum qualifying salary to $3,659 for entry-level employment pass for foreigners in the financial services sector.
The salaries are being raised for foreigners entering the Singapore workforce under Employment Pass (EP) following Singaporeans job loss concerns raised during the July 2020 general elections.
The Monetary Authority of Singapore (MAS) on Thursday said it supports the move by the Ministry of Manpower (MOM).
The increase in salary will provide further support for the hiring of Singaporeans in the financial services sector, the Channel News Asia reported citing MAS, the de facto central
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