Over 450,000 Jobs To Be Created In Next 5 Years

On March 8, 2007, the Straits Times mentioned about a speech in Parliament by the then Manpower Minister Dr Ng Eng Hen.

One thing was that SINGAPORE can expect to create more than 450,000 jobs in the next five years, with about half of them going to white-collar workers.

Dr Ng had based his five-year projection on the economy growing by 4.5 per cent to 6.5 per cent each year.

In the report it was mentioned that each of the two IRs is expected to hire more than 1,000 PMETs for such jobs as service executives, management executives, retail and sales managers, and restaurant services managers.

In his speech Dr Ng announced the letting of companies hire more S-pass holders, or semi-skilled foreigners.

However, this will not lead to a rise in foreign workers because their numbers must stay within the companies’ current foreign worker quota.

Full Report by Sue-Ann Chia Straits Times March 8, 2007