Minimum qualifying salary for Employment Pass to increase to S$5,600 from 2025

The Manpower Ministry is helping Singaporeans become more competitive globally. A new Overseas Markets Immersion Programme aims to help local employees with little or no overseas work experience to broaden their horizons. Meanwhile, the qualifying salary for new Employment Pass applicants will be raised from next year. For all sectors except financial services, this will be increased from S$5,000 to S$5,600 monthly. For the financial services sector, which has higher wage norms, this will go up to S$6,200 monthly. Clara Lee reports.