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Dec 11, 2009
Join the war for talent
Such foreigners help create jobs for Singaporeans, says Law Minister
<!-- by line -->By Cassandra Chew
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The presence of foreigners here, far from taking jobs away from locals, helps to generate more jobs for Singaporeans. -- ST PHOTO: MALCOLM MCLEOD
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WHEN the chief executive of a major foreign bank met Mr K. Shanmugam earlier this week, he told the Singapore Law Minister that the Republic's open door policy towards foreign talent was a boon to his firm.
Of the bank's 6,000-strong workforce here, 1,000 are foreigners hailing from 40 countries.
'He considered it quite remarkable - they can bring in talent from all over the world...As a result, they were confident about expanding in Singapore even during the crisis,' said Mr Shanmugam.
His point: Singapore's openness to foreigners enables the economy to thrive in spite of the lack of natural resources.
The presence of foreigners here, far from taking jobs away from locals, helps to generate more jobs for Singaporeans.
Mr Shanmugam was speaking last night at the 40th anniversary of the Harvard Club, an association for alumni of Harvard University in the United States.
Read the full story in Friday's edition of The Straits Times.
[email protected]
<!-- story content : end -->
Join the war for talent
Such foreigners help create jobs for Singaporeans, says Law Minister
<!-- by line -->By Cassandra Chew
<!-- end by line -->
<!-- end left side bar -->

<!-- story content : start -->
WHEN the chief executive of a major foreign bank met Mr K. Shanmugam earlier this week, he told the Singapore Law Minister that the Republic's open door policy towards foreign talent was a boon to his firm.
Of the bank's 6,000-strong workforce here, 1,000 are foreigners hailing from 40 countries.
'He considered it quite remarkable - they can bring in talent from all over the world...As a result, they were confident about expanding in Singapore even during the crisis,' said Mr Shanmugam.
His point: Singapore's openness to foreigners enables the economy to thrive in spite of the lack of natural resources.
The presence of foreigners here, far from taking jobs away from locals, helps to generate more jobs for Singaporeans.
Mr Shanmugam was speaking last night at the 40th anniversary of the Harvard Club, an association for alumni of Harvard University in the United States.
Read the full story in Friday's edition of The Straits Times.
[email protected]
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