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Is there any upcoming change in criteria for Employment Pass (EP)?

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What is the announcement by PM about EP (Employment Pass)?

Criteria for Employment and S Pass holders to continue to tighten over time
The Prime Minister saidΒ that the salary cut-offs for holders of Employment Passes and S Passes were raised last year (2020), andΒ the authorities will continue tightening the criteria over time. These passes allow foreign professionals and skilled staff to work in Singapore. But the Prime Minister said that theΒ criteria would not be tightened suddenly or sharply, such that it would hurt businesses. This is to ensure that the foreign professionals, managers and executives and mid-level skilled workersΒ β€œcome in where we most need them” and that Singapore β€œwon’t be flooded with more than we can absorb,Β doing jobs for which Singaporeans are qualified and available”.
Source: National Day Rally 2021 Speech by the PM on 29-Aug-2021
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