Singapore will not limit the number of applicants for the latest work permits, Labor Minister Thanh Si Leng said.

In an interview with Bloomberg Television’s Juliette Sully, Tan said last week’s introduction of the Overseas Network and Expertise (ONE) Pass and other measures to make it easier to hire foreigners are part of a tightening labor market. said it was a response to City-state officials say competition from the likes of London and Dubai is increasing.

“What we really want to bring to Singapore is a rainmaker,” Tan said, adding that efforts to attract leaders in science, technology, engineering and mathematics, as well as finance, arts, culture and sports. I mentioned It’s an aggressive strategy for us. ”

The ONE Pass – a visa that allows holders and their partners to work for five years – has become one of the world’s most popular destinations after Singapore appeared unwelcome due to pandemic-era restrictions and efforts to protect local workers. It’s Singapore’s new initiative to attract talent.Amid stagnating growth as economies reopen, countries such as the United Kingdom, the United Arab Emirates, Germany and Thailand are working to provide easier access to talent. Seeking top achievers to boost recovery.

“We are very excited about the competition for talent,” Tan told Bloomberg editors and reporters. I’m not chasing numbers. We really want quality, not quantity. ”

Fostering innovation and boosting productivity is critical for Singapore, which aims to increase manufacturing value added by 50% and boost annual exports to S$1 trillion ($712 billion) by 2030. According to Bloomberg, the economy will probably grow at 3.7% this year, one of the slowest in Southeast Asia, but the pace is expected to slow further next year to 2.8%.

The minister suggested the government was ready to do everything in its power to support growth. He said it would not be a hurdle for

“When you talk about this new path that we’re targeting, I don’t think there’s a specific quota or number,” he said, adding, “These are the people who are really in the top space itself. I think we can manage it.”

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