S'pore ranks 4th in expatriate corporate assignments

S'pore ranks 4th in expatriate corporate assignments
By Jo-ann Huang | Posted: 14 December 2010 2018 hrs

SINGAPORE : Singapore ranks fourth in the world for expatriate corporate assignments, after the United States, the United Kingdom and China, according to the latest survey by global human resources consultant, ECA International.

ECA attributed this to Singapore's position as an Asian services hub.

There are 1.3 million non-residents living in Singapore, according to government data.

The year-end ECA survey also highlighted that Singapore is the 8th most expensive place for expatriates to live in Asia, catching up with both Hong Kong and Guangzhou.

This is mainly due to the 8 per cent gain in the Singapore dollar against the US currency this year.

Lee Quane, regional director, Asia ECA International, said: "Looking at the comparison between Singapore and Hong Kong, two years ago, Singapore was about 15 per cent cheaper based on our cost of living study, which looks at things such as a person's day-to-day personal consumption. However now, it is only 2 per cent."

- CNA/al

- wong chee tat :)