Slower wage growth to help ease costs
Singapore
BUSINESS costs for the manufacturing and services sectors are expected to fall this year on the back of moderating wage growth, easing rental costs and lower utilities and fuel-related costs, said the Ministry of Trade and Industry in a study.
This, however, is contingent on productivity growth, which would reduce unit labour costs - a big cost factor for both manufacturers and services firms - that have been consistently increasing in recent years.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Economy & Policy
Singapore’s inflation eases more than expected in March, with headline inflation at 2.5-year low
8 in 10 firms in S-E Asia, Greater China positive about business environment: UOB survey
Flexi-work request guidelines not meant to prescribe blanket outcomes for employers or influence hiring of workforce: SNEF
Daily Debrief: What Happened Today (Apr 23)
Daily Debrief: What Happened Today (Apr 24)
Daily Debrief: What Happened Today (Apr 22)