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Unit business cost rising for services; easing for manufacturing

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For 2020, the overall unit labour cost is likely to keep rising, as wage growth stays stable but labour productivity eases, says the MTI.

Singapore 

SINCE 2014, unit business costs have fallen for manufacturing but risen in services, due partly to different unit labour cost (ULC) trends.

The overall ULC is expected to continue rising in 2020, while other cost components stay stable, according to a report in the...