SINGAPORE saw fluctuations in skilled foreign talent flows since the onset of the pandemic in 2020, but the country can expect this to stabilise later this year, say recruiters, relocation firms and immigration consultants.
The spread of Covid-19 last year had resulted in a net outflow of expatriates – higher-skilled professionals – moving out of Singapore due to job losses. Many expatriates also chose to leave Singapore to move home to be with their families in a state of uncertainty.
Philip Ng, director of immigration consultancy OCSC Global, said: “We saw an increase in expatriates leaving Singapore as their employment contracts were terminated due to adverse business conditions and more stringent criteria for work passes.”
Article credit on The Business Times