Latest news with #ManpowerMinistry
CNA
3 days ago
- Business
- CNA
CNA938 Rewind - Real wages in Singapore up 3.2% in 2024: MOM
CNA938 Rewind According to the Manpower Ministry (MOM), real wages rose 3.2 per cent in 2024, up from 0.4 per cent in the year before. Andrea Heng and Hairianto Diman dive deeper into MOM's wages report with Hawyee Auyong, Research Fellow, Lee Kuan Yew School of Public Policy, NUS.
CNA
3 days ago
- Business
- CNA
Real wages grew 3.2% in 2024 as inflation eased: MOM
Wages in Singapore grew at a faster pace last year compared to the previous year, as inflation eased. Real wages grew 3.2% on-year, up from the previous 0.4%. It's the highest increase since 2019, when it grew 3.33%. Analysts and the Manpower Ministry expect wages to moderate further amid geopolitical tensions and global trade uncertainties. More than three quarters of firms in Singapore gave their employees wage increases last year, as a majority were profitable. But the salary bump last year was less than the year before.
Bloomberg
10-03-2025
- Business
- Bloomberg
Prabowo Tells Ride-Hailing Firms to Give Drivers Holiday Bonuses
Indonesian President Prabowo Subianto ordered ride-hailing firms including GoTo Group and Grab Holdings Ltd. to give holidays bonuses to their drivers as the country nears its biggest annual holiday. The cash bonuses will be calculated based on drivers' work activity, the details of which will be discussed between companies and the Manpower Ministry, Prabowo said alongside GoTo CEO Patrick Walujo and Grab CEO Anthony Tan in Jakarta on Monday. There are around 250,000 active online drivers and couriers and as much as 1.5 million working part-time, he said.
