As the usual cai fan fare approaches the S$10 mark, coupled with rising costs of electricity, water, and transportation, here’s another kicker: GST is set to climb to nine per cent in 2024. Everything seems to be on the rise except for our salaries, don’t you think? Well, the government is doing something about it. Apart from the cash disbursements.
This edition of the guidelines focuses on buiiding a flexible wage system in tandem with business recover; sustaining wage growth for lower-wage workers, and implementing initiatives for upskilling the workforce.