Good news and bad, on Singapore earnings and spending SPH - TopicsExpress

Good news and bad, on Singapore earnings and spending SPH MyPaper article Wages are tipped to grow strongly this year, as curbs on foreign labour put pressure on the already-tight labour market.... But the phenomenon could also push prices up as businesses saddled with higher domestic costs - including costlier labour - will pass the buck to consumers. Cooked food may become more costly. The Monetary Authority of Singapore (MAS) announced yesterday that overall wage growth is expected to stay above the historical average of 3.3 per cent this year and next.

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