28-05-2025
Wages in Singapore grew 3.2% in 2024, fewer firms planning increase in 2025
SINGAPORE, May 28 (Reuters) - Real wages in Singapore grew 3.2% in 2024 compared to 0.4% in 2023, government data on Wednesday showed.
However, the share of firms planning wage increases going forward has declined to 22% in March compared to 32% in December 2024 because of geopolitical tensions and global trade uncertainties, according to a survey by the manpower ministry.
