BowerGroupAsia's Ngiow on Singapore's Foreign Worker Policies

The video discusses the need for foreign talent in Asia Pacific, focusing on countries like Japan and Singapore. It highlights the impact of COVID-19 on nativism and economic activities, emphasizing the need for digital transformation. The discussion also covers the political sensitivities of foreign labor and offers advice for Singapore's government on balancing local employment with foreign talent needs.

Which countries are highlighted as needing foreign talent due to demographic constraints?

• Australia and New Zealand

• South Korea and Thailand

• India and China

• Japan and Singapore

What has the COVID-19 pandemic accelerated in terms of business needs?

• Need for digital transformation

• Reduction in global trade

• Increase in manual labor

• Decrease in foreign investments

What is a significant challenge for Indonesia's workforce by 2025?

• Surplus of healthcare professionals

• Shortage of digitally skilled workers

• Lack of agricultural workers

• Excess of manufacturing jobs

What is a major concern for locals regarding foreign workers in developed markets?

• Foreign workers demand higher salaries

• Foreign workers take jobs meant for locals

• Foreign workers are more skilled

• Foreign workers increase housing prices

What is a key factor that makes foreign jobs complementary to the local workforce?

• They are temporary positions

• They require less training

• They are always high-paying

• They fill gaps in sectors locals avoid

What is one of the suggested policy measures for managing foreign labor in Singapore?

• Reducing foreign worker salaries

• Banning foreign workers in certain sectors

• Increasing taxes on foreign workers

• Implementing more quotas

How has the Singapore government reassured locals about foreign labor policies?

• By increasing foreign worker quotas

• By ensuring a Singaporean core

• By reducing local worker salaries

• By banning foreign workers