Hmm...I m working in an IT recruitment and solutions agency as an IT recruiter. So if anybody wanna work in SG, please do send your resume to me at leeling.teo@theoptimum.net. However, we do not hire fresh grads. So once any of you guys have 1year experience and above, feel free to bomb my email with your resumes. Please do write in details about the projects you are involved in, it will help a lot in securing an interview. Most of our clients are big MNCs like Merril Lynch, Citibank, Standard Chartered, Accenture, IBM, HP, Barclays, Credit Suisse, etc.....

I have no idea about racist problem...I have no prob as my company is multiracial...Indians, Pilipinos, Chinese from China, Malaysia, Singapore....the only Singaporean Chinese working in my company is very nice and frenly....humble too...
But basically most of these MNCs are multiracial, will not have problems.

Software engineer? Hmmm wat field? It depends on your specialization and experience....
SAP, Peoplesoft, SAS, Datawarehousing, Business Objects, Informatica, C++, DBA specialist can demand much much more than asp, .net. java......but a java person can demand more than asp, .net, vb....
In short, it depends whether u are in demand or not....if everybody is doing the same thing, they will not pay much as they can find their own people to do the job.