Singapore to raise minimum wage threshold for foreign workers in 2025 to create more jobs for locals: report

Singapore last year revamped its visa programme for foreigners. The city introduced a new Overseas Network and Expertise (ONE) pass and raised the salary threshold for other category of visas, as part of efforts to attract the best talent to the city state.

Almost 4,200 One Pass applications had been approved as at January 1, the Straits Times said.

Singapore will continue to attract top talent to grow the economy and ensure that firms develop their local workforce and treat locals fairly, the Straits Times quoted Tan as saying.

The city state is also raising its retirement age as a broader plan to maintain a sizeable working population.

The retirement age will be raised by one year to 64 on July 1, 2026, the Straits Times reported. Employers will also be required to offer to re-employ workers as old as 69 years, up from 68 years.