British companies here hire more locals following EP changes, but dial back investments in dim climate: Poll

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SINGAPORE – British companies here have stepped up hiring locals since a points-based framework for Employment Pass applications was rolled out in September 2023, noted a new survey.

Ms Nele Cornelius, executive director of the European Chamber of Commerce (Singapore), noted: “European companies are keen to continue their investments in the region, with Singapore remaining the centre of gravity for European business in the Asia-Pacific.

Around 25 per cent of respondents indicated that they were unable to secure a necessary employment pass for candidates they hoped to hire, with another 30 per cent saying they could not find talent they needed.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Singapore Business Talent Singaporeans Firms Pass Chamber Companies Employment Cent Noted

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 18:55:28 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 782 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 23224807

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