Skip to comments.Singapore no longer No 1 in expatriates' eyes
Posted on 11/11/2013 1:11:35 AM PST by TexGrill
SINGAPORE: After holding the top spot for the past two years, Singapore has fallen to third place in an annual global survey on the most desirable countries for expatriates to work and live in.
The Republic lost its crown in the HSBC survey this year - ranking behind China and Germany - amid concerns among respondents over job market security, integration with locals and the rising cost of living. The survey results were released last week.
In particular, more than half the respondents in Singapore - compared to a global average of 39 per cent - cited job security as one of the top three threats to their financial well-being and confidence, said the report, which polled 228 expats here.
While the Republic's ranking has fallen, HSBC noted that year-on-year comparisons "are not statistically valid" due to changes to the methodology, questionnaire and sample set.
The Expat Explorer report, now in its sixth year, questioned 7,004 expats across nearly 100 countries from April 29 to June 11 and factored four criteria - economics, experience, raising children abroad and expenses.
Singapore has been tightening its foreign labour policies in recent years. Under the Fair Consideration Framework announced in September, employers are required, from August next year, to advertise job vacancies to Singaporeans for 14 days before they can turn to Employment Pass (EP) holders.
(Excerpt) Read more at channelnewsasia.com ...
I’ve been considering Chiang Mai, Thailand and no, it has nothing to do with the Quakes and Hurricanes in the Phils.
It seems Thailand my be more suitable for my lifestyle although I still have my heart set on the Phils but I need to do what’s best for me and not what I want the most.
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