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Singapore has "very good" job prospects

Tuesday 01 February 2011 by

Individuals looking for international finance jobs may like to look to Singapore, as the country has excellent prospects for those searching for employment at the moment.

This is according to Jyoti Narasimhan, spokeswoman for IHS Global Insight, who noted that the city-state's diversification into new industries, as well as strengthening of established sectors, has reduced its vulnerability to global downturns.

"Singapore is an advanced global trading and financial centre and seeks to be the premier financial hub in Asia," she explained.

Ms Narasimhan added that, in the fourth quarter of 2010, 96 per cent of the 30,600 jobs created were in the services sector and the prognosis for the near term in this area is "very good".

Overall, she stated that she expected the unemployment rate to stabilise and then improve dramatically over the course of 2011.

Recently, foreign secretary William Hague told an audience in Hong Kong that the UK would seek to strengthen its economic ties to countries in Asia in order to encourage investment and trade between Britain and the east.