"This means that the pace of foreign workforce should grow broadly in tandem with the growth of our local workforce," Manpower Minister Lim Swee Say said.
Lim told the parliament that overall annual foreign workforce growth has moderated from 1,44,500 in 2007 to 34,000 in 2014.
The "significant foreign worker growth slowdown occurred in all sectors", The Straits Times quoted Lim as saying.
The employment of foreign workers in the services sector grew by 21,500 in 2014, down from 54,500 foreign workers hired in 2007.
Meanwhile, the National Population and Talent Division expects demand for foreign domestic workers to rise to about 300,000 by 2030, to assist with care-giving duties at home and supporting families with elderly and children, the report said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
