SINGAPORE: A revived interest in Singapore among foreign visitors and increased job opportunities for local workers are among the benefits which theThis follows the announcement on Wednesday that the additional investment by the integrated resorts will see Marina Bay Sands add a new entertainment arena and hotel tower, while Resorts World Sentosa will extend Universal Studios Singapore to include two new attractions - Minion Park and Super Nintendo World.
"We cannot ignore the fact that there will always be development in our backyard – other countries can have mega-size theme parks, for example," he said. "But we can work something to our advantage. We are a small country, tourists can come here and see these attractions within a short period of time. We actually have a role to play for those who are time-hungry. The array of attractions here covers all interests as well.
"It's more of expanding what they already have and what's most important is that the whole region knows that there is something new coming up in Singapore." However, some experts question whether the new developments could result in a less distinctive profile for Singapore. With some of these jobs expected to fall under the service sector, some economists say that the changes in the Dependency Ratio Ceiling - which sets out the maximum permitted ratio of foreign workers to the total workforce that a company is allowed to hire - could have make it a challenge to fill all those vacancies.in two steps: from 40 per cent to 38 per cent on Jan 1 next year, and to 35 per cent on Jan 1, 2021, it was announced by Finance Minister Heng Swee Keat in his Budget 2019 speech.