Firms restoring wages amid Singapore's economy recovery: Experts

Sectors that have recovered have restored wages to levels close to those of the pre-Covid-19 period. ST PHOTO: DESMOND WEE
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SINGAPORE- Companies are restoring the wages of workers as the economy gradually recovers, experts said on Tuesday (March 2), after a report by DBS Bank found that the financial health of Singaporeans improved in the second half of last year.

The report revealed that the share of customers who experienced a significant fall in income from pre-pandemic levels fell to 19 per cent last December, a decrease from 26 per cent last May.

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