Expat exodus increases the pressure from skills shortages

SINGAPORE: Wealthy expatriates have been re-evaluating their lives in Singapore since the Covid-19 hit, with many choosing to depart for home or different expat destinations.

The number of foreign staff granted employment passes (professionals earning at least SGD 4,500 monthly) fell nearly 14% between December 2019 and June 2021.

Many foreign workers left due to companies cutting costs and reducing jobs. Businesses have found it difficult to replace them because of the continuing border restrictions.

The Singapore government has reiterated that it will aim to keep the borders open, and hopes to continue the calibrated easing of restrictions.

It added that it “works hard to ensure businesses and individuals continue choosing Singapore due to our openness and rule of law and consistency in policy”.

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