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SINGAPORE ECONOMY

Labour costs to go up faster in 2019: MAS

Business, services costs may rise on productivity woes, despite softer wages

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ULC, which measures the cost of labour for each unit of economic output, is tipped to pick up - despite milder wage growth - as productivity slackens, according to the latest half-yearly economic review from the Monetary Authority of Singapore (MAS).

Singapore

ULC, which measures the cost of labour for each unit of economic output, is tipped to pick up - despite milder wage growth - as productivity slackens, according to the latest half-yearly economic review from the Monetary Authority of Singapore (MAS).

Productivity growth...

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