September 3, 2020, 07.07 PM

Last week, it raised the salary threshold for issuing work passes for foreigners, the second hike this year.

Singapore's political stability and pro-business policies have long attracted investments from big global firms.

Lee said a pharmaceutical firm, which he did not name, wanted to build a vaccine manufacturing facility in Singapore and several Fortune 500 companies were looking to relocate their regional headquarters to the city-state.

Financial firms also wanted to expand, including their technology operations.

"But for them to come here, they must feel welcome and be allowed to bring in the talent they need," he added.

Read also: Labor Union Wants Chinese Expat Workers Flown into South Sulawesi be Sent Home

Last month, authorities put 47 companies on a watch-list for potential discriminatory hiring practices against locals.

Online vitriol against foreigners prompted state investor Temasek to call out "racist" posts against its employees.

(Writers: John Geddie, Aradhana Aravindan | Editor: Martin Petty)

Source: https://www.reuters.com/article/us-singapore-immigration/singapore-pm-warns-against-turn-inwards-as-anxiety-over-foreigners-grows-idUSKBN25T1KA 

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