In 2025, Singapore is set to see the creation of 15,700 new jobs, a notable decline of approximately 16% compared to the previous year's projections of 18,700. Many of these positions will cater to the professional, manager, executive, and technician (PMET) sectors, with around two-thirds expected to offer salaries exceeding $5,000 monthly, as reported by the Economic Development Board (EDB).
Investment commitments in the nation reached S$14.2 billion, marking a 5.2% increase from S$13.5 billion in 2024. The EDB noted that most investments came from headquarters and professional services, particularly in technology and R&D sectors. EDB chairman Png Cheong Boon highlighted the opportunities these jobs would provide for fresh graduates and mid-career professionals, emphasizing the potential for skill development and advancement in their careers.
Despite the significant investments, the anticipated job creation represents the lowest figure in a decade. EDB managing director Jermaine Loy attributed this cautious outlook to the uncertain economic environment and ongoing changes in automation and digitalization across various industries.