Tag Archives: Gloomy Economy

SALARY INCREASES IN 2017 WILL NOT OFFSET PRICE INCREASES EVERYWHERE ELSE

There were some reports that despite Singapore's gloomy economic outlook for 2017, Singaporean employers are still expecting to award their staff with salary increases, although the increases are negligible. In the survey, most of the companies indicated that salary increases of between 3-6 % are expected. As have been said countless times before, these negligible pay increases, although are very welcome indeed, will not help most people facing tougher financial challenges. How to? Water price already slated to go up by 30%! That is not counting into effect the other fare increases, like the town councils service charges, transport fares, and even food prices, due to the water price hike.

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