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Written Answer to PQ on percentage and profile of residents employed in foreign-owned firms earning gross monthly income above $12,500

Employment practices

NOTICE PAPER 3137 FOR A SITTING ON OR AFTER 15 OCTOBER 2024
QUESTION NO. 6191 FOR WRITTEN ANSWER

MP: Assoc Prof Jamus Jerome Lim

To ask the Minister for Manpower (a) for each year from 2019 to 2024, what is the percentage of residents earning a gross monthly income of above $12,500 that worked in foreign-owned firms; and (b) what is the sectoral breakdown of these residents.

Answer:

From 2019 to 2024, foreign-owned firms hired around 60 per cent of Singapore residents who earned a gross monthly income of above $12,500.

2. Around 88 per cent of these residents work in the Services sector. Financial and Insurance Services make up around 30 percentage points, Wholesale and Retail Trade make up around 18 percentage points, and Professional Services make up around 17 percentage points. These proportions have remained stable since 2019.