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IMPACT – MEDIUM
The Singaporean government has announced that it will increase its monthly salary for employment pass holders in September.
Key Points:
BAL Analysis: Businesses may see a slight increase in labor costs because of the new minimum wage. Employers should take the new wage minimums into account when planning their budgets.
This alert has been provided by the BAL Global Practice group. For additional information, please contact berryapplemanleiden@bal.com.
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