Singapore hangs out jobs-vacant sign

Asia Time Online, 20 Aug 2008, By Megawati Wijaya

SINGAPORE - The government of this island state, seeking to keep the economy globally competitive, is driving a shift in the country's population make-up. This carries with it the political risk that locals will object to the influx of white-collar foreign workers who in droves are taking up the island state's highest-paying corporate jobs.

Now one out of every five residents in Singapore is a foreigner; six out of every 10 new jobs created last year went to expatriates; and a record 14,000 people gave up their home passports to become Singaporeans in 2007. Those figures are indicative of the official red carpet rolled out to lure highly educated, ambitious and preferably wealthy foreigners to work and take up permanent residence in Singapore.

>>>> More