Singapore's Ministry of Manpower has announced a new 5-year Overseas Networks & Expertise Pass (ONE Pass) for top talent who earn at least 30,000 Singaporean dollars (21,400 USD) a month or have exceptional achievements in business, the arts, sports, academia, science and tech. This visa aims to attract the cream of the crop of expats after the economic impact of the pandemic. It is needed to solve the country's labor shortage, drive economic growth and bring down inflation.