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Budget 2024 debate: Restructuring economy, adopting AI and uplifting lower-wage workers among MPs' concerns

For Singapore's economy to grow, there is a need for restructuring, said Deputy Prime Minister Heng Swee Keat in Parliament on Tuesday (Feb 27). Speaking on the second day of the Budget debate, he shared that it is harder to achieve economic growth in the coming years. Some factors contributing to this include protectionism and political unrest, as well as. ....

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Not growth at all costs: Budget 2024 invests in improving social mobility

SINGAPORE – The Budget aims to help Singapore prepare for an increasingly high-tech future but it also recognises that growth can bring costs to society that need to be addressed. Read more at straitstimes.com. ....

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Singapore boosts local qualifying salary by $200 to $1,600

Hourly rate also increases by $1.50 ....

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Some firms concerned over higher Local Qualifying Salary

Businesses will have to pay workers higher salaries when the updated Local Qualifying Salary scheme starts in July. They say the move will put a strain on their businesses as they find ways to pay a higher wage. But other companies say they are benefiting from other Budget announcements like the S$1 billion top-up to t ....

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Budget 2024: Lower-wage workers to get more Workfare payouts

Employers who raise the wages of lower-wage workers will also get more support. Read more at straitstimes.com. ....

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