Singapore remains a top destination for multinational corporations, but businesses are struggling with local manpower shortages. A recent SBF survey found that of some 800 businesses, 61% of businesses now face local talent shortages, up from 40% last year. Furthermore, foreign talent contributes to innovation and economic growth but raises social tensions. To address these concerns, businesses should lead in developing integration initiatives that foster understanding between local and foreign employees. Read more on The Straits Times.