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2007 has been a year of achievements for Singapore. The economy grew by about 7.7%. The services producing industries expanded by about 8.1% while the manufacturing sector grew 5.8%. For 2008, Singapore’s economy is expected to grow between 4% and 6%.
Employment creation was 236,600 jobs in 2007, surpassing the record high of 176,000 jobs created for the whole of 2006 while unemployment fell to 2.1% in 2007.
In the few years, many more new jobs could be created if the economy grows 4%-6% each year as projected. Foreign manpower are needed to help Singapore achieve this growth rate. Of the 236,600 jobs created in 2007, 61% went to the foreigners.
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Skilled and talented manpower is strategic to Singapore, helping to support economic growth both in established sectors like electronics and finance, as well as emerging sectors like the creative industries.
Ministry of Manpower's Strategic Skills List
MOM has identified a Strategic Skills List, a listing of the skills and occupations strategic to key industry sectors. Foreigners possessing such skills will be accorded added consideration in their Employment Pass/S-Pass applications.
In the following sections, you will find information about developments in Singapore’s industries and the strategic skills required in some of these industries.
