[OutBreak]

https://www.straitstimes.com/business/ec...paign=stfb&utm_medium=social&utm_source=facebook

[[[ForeverAlone]]]

But they also worry uncertainty, high expenses operation

[Ola]

Raise by 0.5 %, arh?

Anyway, SBF likely represents most local set-ups

ie Bata, Popular Bookstore . . .
-------------------------------------------------------------

Members of SBF join a business community of more than 26,000 companies, including local and foreign business chambers, key national as well as industry associations from business sectors that contributes significantly to the Singapore economy.

[watchfirst9]

A total of 67 per cent of respondents polled in July reported that they plan to increase wages over the next 12 months, with an average rise of 6 per cent.

Another 32 per cent of firms said they plan to freeze pay in the next 12 months, while 1 per cent are looking to implement pay cuts.


referring to low wage staff ? 6% of 1200 is $72
median wage is said to be $5000 included bonus and employer cPF
will be $300

[Oyk]

Raise by 0.5 %, arh?

Anyway, SBF likely represents most local set-ups

ie Bata, Popular Bookstore . . .
-------------------------------------------------------------

Members of SBF join a business community of more than 26,000 companies, including local and foreign business chambers, key national as well as industry associations from business sectors that contributes significantly to the Singapore economy.

BATA.  Buy and throw away.  I remember their badminton masters shoes which a lot of schoolboys used to wear in the 1970s.

And I thought it was a Singaporean company.  One day, when I was in Italy, I saw a BATA shop.  I was momentarily filled with pride, even though I was not its boss, presumably a Singapore Chinaman boss, a term we used to call local bosses.

Then I did some research and this was what I found:

https://en.wikipedia.org/wiki/Bata_Corporation

The Bata Corporation (known as Bata, and in the Czech Republic and Slovakia, known as Baťa, IPA: [ˈbaca]) is a multinational footwear, apparel and fashion accessories manufacturer and retailer of Moravian (Czech) origin, headquartered in Lausanne, Switzerland.
The corporation is one of the world's leading shoemakers by volume with 150 million pairs of shoes sold annually.[5] It has a retail presence of over 5,300 shops in more than 70 countries across five continents and 21 production facilities in 18 countries. Bata is an employer to over 32,000 people globally.

[Oyk]

A total of 67 per cent of respondents polled in July reported that they plan to increase wages over the next 12 months, with an average rise of 6 per cent.

Another 32 per cent of firms said they plan to freeze pay in the next 12 months, while 1 per cent are looking to implement pay cuts.


referring to low wage staff ?  6% of 1200 is $72
median wage is said to be $5000 included bonus and employer cPF
will be $300

I know for a fact that the healthcare sector will have to raise wages, which it must do if it is to retain doctors and especially nurses.

The increase will then be passed down to us as higher medical costs.  If the government were to subsidize the PG and MG and CHAS card holders, GST has to be increased.  There is no two ways about it.

As for other sectors, it will lead to (labour) cost-push inflation, something which I had written about before.

Companies which freeze or cut wages will cause a widening of the GINI Coefficient.  To narrow this gap, the government has to step in yet again, not to mandate minimum wages as argued by Jamus Lim but to tweak the Workfare Income Supplement/  Minimum wage will raise business costs which is not for for companies.  WIS will require raising taxes to fund the payouts, but it will tax only the well-off and big spenders.

[Buffybuffy]

Raise their own salary is it?

[[[ForeverAlone]]]

Raise their own salary is it?

So it mean this year end bonus for civil servant will be better after they got mid year bonus

[RiseofAsia]

Still got ppl read ST news.

[RiseofAsia]

Raise by 0.5 %, arh?

Anyway, SBF likely represents most local set-ups

ie Bata, Popular Bookstore . . .
-------------------------------------------------------------

Members of SBF join a business community of more than 26,000 companies, including local and foreign business chambers, key national as well as industry associations from business sectors that contributes significantly to the Singapore economy.

Not 0.05%?

[K88 shu shu]

who they poll ?

pls name us the companies.

[Cmpunk]

The most important how many percent or just for civil servants?

[Cmpunk]

Empty vessels nothing to cheer about

[Wy:Nox]

Another proof that ST is third class journalism. Sadly, they resorted to aimless articles for mere impressionists to consume.