Singapore’s focus on foreign workers misses the point

This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on [Bloomberg]( This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on web readership. [Singapore Is Making Life Tougher for Global Talent]( — Karishma Vaswani It is employment pass renewal season in Singapore, and the new regime is dominating the conversation at after-work cocktails on Fridays. From September, overseas employees on a work visa will need to fulfill the city-state’s new [points](-based system, and [earn]( a minimum salary threshold to stay in their jobs. While this mirrors what happens in other countries, it risks turning foreign companies away, and could tarnish the nation’s image as a global business hub. The program was [announced]( in 2022 in a bid to promote [fair]( hiring practices. Points are awarded for how a candidate’s salary compares to local peers, along with their education and skills, and whether their nationality improves the diversity of the firm. It puts the onus on employers to prove why they need to hire foreigners. Read the [whole thing](. [Trump Still Doesn’t Get Why Putin Is In Ukraine]( — Marc Champion [Trump Isn’t Going to Like the Supreme Court's Immunity Decision]( — Stephen L. Carter [Replacing Joe Biden Is a Fantasy Democrats Must Abandon]( — Patricia Lopez [Emperor Trump? Supreme Court Just Expanded the Imperial Presidency]( — Noah Feldman [Only Musk’s Robotaxi Can Save Tesla Investors Now]( — Liam Denning [Modi’s Personality Cult Is Under Siege on Four Fronts]( — Andy Mukherjee [ESPN, Women Eating Ice Cream Isn’t a Sport]( — Jessica Karl [£315,000 Ferrari Supercars Growl a Warning for EVs]( — Chris Bryant [Tractor Supply’s DEI Cowardice Will Come Back to Bite It]( — Beth Kowitt More From Bloomberg Opinion Here’s what we’ve been listening to and watching this week. - X Broadcast: The UK’s [Labour Party has won a huge majority]( in Parliament. Therese Raphael, Adrian Wooldridge and Marcus Ashworth discuss the dramatic reshaping of the country’s political landscape. - Federal rules could ensure job seekers’ dignity and [improve the labor market](, says Kathryn Edwards. - Can’t get enough Money Stuff? Catch up on the latest episodes of Matt Levine’s podcast at [Apple Podcasts]( or wherever you listen. Follow Us Like getting this newsletter? [Subscribe to Bloomberg.com]( for unlimited access to trusted, data-driven journalism and subscriber-only insights. Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. [Learn more](. Want to sponsor this newsletter? [Get in touch here](. You received this message because you are subscribed to Bloomberg's Opinion Today newsletter. If a friend forwarded you this message, [sign up here]( to get it in your inbox. [Unsubscribe]( [Bloomberg.com]( [Contact Us]( Bloomberg L.P. 731 Lexington Avenue, New York, NY 10022 [Ads Powered By Liveintent]( [Ad Choices](