SINGAPORE: A refreshed five-year blueprint to transform the professional services industry will aim to create 3,800 additional jobs for professionals, managers, executives and technicians each year until 2025.
“Our professional services sector is well-positioned to seize opportunities for business growth driven by digitalisation, sustainability, emerging markets and new customer segments in Southeast Asia,” he said at his ministry’s Committee of Supply debate. For those with “a clear mandate for new business creation”, EDB will partner these firms to create new ventures that can generate “new revenue pathways outside the parent company’s existing core business”, the government agency said in a separate press release.
From 2016 to 2021, these sectors achieved real value-added growth of 2.9 per cent annually – “marginally above” the performance of overall economy at 2.8 per cent a year. Mr Gan added that authorities have since started refreshing the ITMs to address emerging priorities, such as sustainability, and lessons from the pandemic.
And then have them all filled by foreigners.
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