Just point out that in the previous year of 2006,
Singapore today enjoys strong economic growth accompanied by
plentiful new jobs - an all-time high of
176,000 in 2006, of which 90,900 went to locals. The
economic prospects continue to look promising. We have a strong
investment pipeline with a number of large infrastructural projects
being completed over the next few years. Growth is broad-based
across all industry sectors, especially finance,
info-communications, marine and process industries. An estimated
450,000 jobs will be available in the next 5 years if the economy
grows between 4.5% to 6.5% each year. These positive outcomes are a
result of confidence in our economic and labour policies which are
business-responsive and pro-growth.
Source: http://www.mom.gov.sg/publish/momportal/en/press_room/mom_speeches/2007/20070522-2nd_Reading_Speech.html
Hence, if we were to give an estimate, out of 172,400 jobs created,
at least 80k jobs should have gone to locals.
Does that sort of half-answer the question by TS? The main point
here is, there are still a lot of jobs created for the
locals...
