In a trying time in Singapore, it is relatively more difficult to find a suitable job, but like our prime minister always remind people to be more complacent and lower our expectations and after all, finding a job is all about managing our own expectations. Other service industries include transport, logistics, media and advertising, F&B, wholesale and retail, healthcare, education, social/ community services. Some suitable career opportunities in the financial sector includes treasury and risk management, funds management, general debt issuance, investment analysis, corporate financial, venture capital, cross- border electronic banking, insurance, investment banking and tax planning. On the contrary, Singapore's unemployment rate is still lower than that of other developed countries.įoreign talents remain an important resource to Singapore as many companies face problems employing suitable employees to facilitate regionally and locally in the expansion of businesses or replacement requirements. Recent evidence has shown weaker economic performance with unemployment rates reaching the highest levels in many years. Singapore aims to continue to lure global talent and top management to its shores, most significantly in IT jobs and in the technology industry, and has introduced a new class of taxpayers, called "not ordinarily resident," who will earn tax exemptions on income earned outside of the country. Singapore relies on foreign workers and talents at both ends of the skills ladder. The government is focusing its efforts on five industrial clusters: electronics, chemicals, engineering, IT, and biomedical sciences.
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They speak English proficiently, and are dedicated, hardworking, and keen to upgrade their skills and knowledge. Singapore's workers are among the world's best for productivity, work attitude and technical skills. The chemical industry is the second largest manufacturing sector, and Singapore is also the third largest petroleum-refining center in the world. Manufacturing is the economy's main engine of growth, with electronics accounting for nearly half of the sector. Singapore is an open economy with strong presence in the service and manufacturing sector.