Summary: The text discusses the impact of Singapore's new law that requires companies to hire more local workers. The law aims to address concerns over job security for locals amid a growing reliance on foreign labor. Companies are now required to consider Singaporeans fairly before hiring foreign employees, with a higher wage threshold for foreign workers. The government hopes this move will create a stronger Singaporean workforce and reduce the number of foreign employees in the country, although some companies have expressed concerns about potential disruptions and increased costs. Additionally, efforts are being made to upskill the local workforce to meet the demands of the digital economy and reduce the need for foreign workers in certain industries. Overall, the new law reflects Singapore's push for a more balanced workforce that prioritizes the employment and development of locals.