wages

Tong's Portfolio

Printing money causes wealth inequality

Rising asset prices disproportionately benefit the rich, which own-control the majority of the world’s real and financial assets.
Making profits from sales is about costs and price elasticity of demand - THE EDGE SINGAPORE

Tong's Portfolio

Making profits from sales is about costs and price elasticity of demand

Clearly, the price elasticity of demand depends on the availability of substitutes and alternative suppliers.
Part 3: Why Bursa is a chronic underperformer — low productivity and too many low-paying jobs  - THE EDGE SINGAPORE

Tong's Portfolio

Part 3: Why Bursa is a chronic underperformer ... low productivity and too many low-paying jobs

It is a common lament, that wages are just not keeping up with inflation and rising cost of living.
CPF BRS to be raised by 3.5% per year from 2023 to 2027, older workers see increase in contribution rates  - THE EDGE SINGAPORE

Budget 2022

CPF BRS to be raised by 3.5% per year from 2023 to 2027, older workers see increase in contribution rates

If you are turning 55 from 2023 to 2027, find out what your CPF Basic Retirement Sum will be here, in light of Budget 2022.

Budget 2022

Salary requirements for new S and E pass holders to increase from Sep 2022

Employers who wish to hire foreign workers will soon face a higher minimum qualifying salary to bring them in.
More help for lower-wage workers, with Workfare payouts increased - THE EDGE SINGAPORE

Budget 2022

More help for lower-wage workers, with Workfare payouts increased

Low wage workers will soon get more help, with the government helping businesses to co-fund their wage increases till 2026.
Better GDP numbers belie uneven labour market across industries - THE EDGE SINGAPORE

Labour market

Better GDP numbers belie uneven labour market across industries

Can you expect a pay raise this year, with the economy on the way to recovery? Well, it depends on the industry you work in.

Highlight

Briefs

SINGAPORE (June 3): “MAS does not and cannot use the exchange rate to gain an export advantage or achieve a current account surplus.” — The Monetary Authority of Singapore, responding to the US’ inclusion of Singapore on a watch list for exchange

In print this week

Labour is lowly paid but not underpaid in Malaysia

(May 13): With the one-year anniversary of the Pakatan Harapan-led government now in the rear-view mirror, one thing is certain — much more remains to be done. In particular, the issue of the rising cost of living continues to top surveys as the biggest

In print this week

Infrastructure developments the gateway to job creation and economic growth

SINGAPORE (May 13): The expansion of the construction sector for the first time in 10 quarters has provided relief to Singapore’s GDP. The sector grew 1.4% in the first quarter of the year, following a surge in non-residential developments as well as a
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