The Business Times

wage hikes

Singapore

Singapore’s turnover rate rises more steeply amid steady wage growth: poll

This growing pessimism is translating into more cautious wage policies. The share of businesses planning to freeze wages has risen to 41 per cent, from 35 per cent.
Singapore

More firms planning wage freezes as outlook sours: SBF survey

Based on the new target, individual prefectures are expected to finalise their own targets, with decisions likely to come by the end of the month.
International

Japan panel urges record minimum pay hike in bright sign for Bank of Japan

Motorcycle and taxi drivers working for online ride-hailing start-ups protest to lower the commission they pay, and demand higher pay in Jakarta on May 20.
ASEAN Business

Ride-hailing drivers in Indonesia hold protests to demand better pay

Recruiters' surveys show higher wage rises for in-demand sectors, such as financial services.
Singapore
OUTLOOK 2025

Singapore should still see real wage growth in 2025, but probably less than in 2024

Asean's expected minimum wage growth bodes well for consumption spending but raises competitiveness considerations, cautioned OCBC Senior Asean economist Lavanya Venkateswaran in a Global Markets Research report on Thursday (Dec 12).
ASEAN Business

Minimum wages set to rise in parts of Asean, outpacing expected increase in inflation: report

The pay hikes agreement hammered out by the IG Metall union averts fresh strikes at a time when Germany is struggling and is headed for early elections next year
International

Millions of German metalworkers win hefty pay hikes

Gruenheide, Tesla’s only European gigafactory, employs around 12,000 staff.
Transport & Logistics

Tesla increases wages for staff at German gigafactory by 4%

Bank of Japan (BoJ) governor Kazuo Ueda attends a press conference after a two-day monetary policy meeting at the BOJ headquarters in Tokyo on April 26, 2024. The Bank of Japan kept its ultra-low interest rates unchanged on April 26 and stopped short of signalling another hike, pushing the yen to a fresh 34-year low against the dollar. (Photo by Yuichi YAMAZAKI / AFP)
International

Japan's rising minimum wage likely to push up inflation, BOJ says

(FILES) People shop at a grocery store on August 14, 2024 in Rosemead, California. UThe headline rate of US consumer inflation eased more than expected last month, according to government data published on September 11, 2024, bolstering expectations that the Federal Reserve will cut interest rates next week. A rate cut by the independent US central bank would act to boost demand in the world's largest economy. That would give the Democratic party some good economic news to run on going into the final stretch of the 2024 presidential elections. (Photo by Frederic J. BROWN / AFP)
International

US economy posts solid Q3 growth

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