Companies can seek up to $300,000 funding to tap foreign specialists' expertise

Companies can seek up to $300,000 funding to tap foreign specialists' expertise

Yahoo Singapore·2018-03-06 06:10

Companies who want to recruit foreign specialists with skills that are scarce in Singapore industries can each receive up to $300,000 in funding from the Capability Transfer Programme (CTP), said Manpower Minister Lim Swee Say in Parliament on Monday (5 March).

During the Committee of Supply debate for the Ministry of Manpower’s (MOM) budget, Lim said that the initiative – piloted by the MOM and Workforce Singapore (WSG) – will ensure that private sector companies have funding support of between 30 and 90 per cent to assist them in engaging such foreign specialists.

Lim told the House, “We need to speed up the development and transfer of new and better global capabilities to our local workforce… not just in high tech, high profile and high impact sectors but in as many sectors as possible, and as quickly as possible.”

……

Read full article on Yahoo Singapore

Singapore Policy