Firms must advertise for Singaporeans before hiring foreign professionals

[yeokiwi]

at 5 cts if you multiply to all the shares they have 1,111,953,740 the market values this company at only sgd61 million, their bank deposits alone are worth ard sgd100mil

deep market mispricing.

Wonder how will they enforce fairness among the SME bosses. After 14 days they can still choose to recruit a foreigner right? I think some bosses in MNCs w prefer to hire their own countrymen still. And they are very creative to go about beating rules and regulation.

The jobs are required to be posted on portals setup by MOM.
So, essentially, the MOM will have the statistics of recruitment.

I suppose it serves two purpose. First, the collected statistics will be used against the errant companies that always recruit foreigners despite having qualified locals applying for the jobs. Second, to show to Singaporeans that the job market is indeed tight and some job ads have few or no Singaporeans applying.