Could flexible working opportunities boost international money transfers to Singapore?

Increasing numbers of British professionals working in Singapore are looking to benefit from more flexible working arrangements, it has been reported.

A new report from the Straits Times has revealed that demand for Personalised Employment Passes (PEPs) has increased markedly over the past year.

Citing sources from within the human resources profession, the regional newspaper has revealed that the recent economic uncertainty has prompted many expat professionals to switch to PEPs from the traditional Employment Pass available to them.

This means that they are able to live and work in Singapore without being tied to one particular employer, with the city-state benefitting from a flexible and talented workforce.

At the same time, the latest Global Economic Conditions Survey from the Association of Chartered Certified Accountants (Acca) suggests that the number of professionals moving to Singapore could keep on rising as the city-state leads the rest of Asia in terms of business confidence and overall economic optimism.

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Posted by Sarah Pitton