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Higher CPF contribution to have minimal impact on firms: DBS

Any reduction in earnings should be capped at 1% of net profit, it adds

Published Mon, Sep 15, 2014 · 04:09 AM
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[SINGAPORE] The increase in Central Provident Fund (CPF) contribution proposed in this year's Budget would have minimal impact on listed companies in labour-intensive sectors, DBS Group Research said in a report released yesterday.

Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam said last Frid…

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