These are part of the Budget 2024 wish list submitted to the Government amid deepening geopolitical conflicts, growing uncertainties and a weaker economic outlook, the Singapore National Employers Federation (SNEF) said in a statement on Dec 14.
In October, nearly 240 of its 3,500 members responded to the survey it conducted.
Three in four anticipate higher wage costs in 2024 because of the hike in Central Provident Fund contributions for workers aged from above 55 to 70.
From 2024, employers must contribute 0.5 per cent more of the wage of a worker in that age group.
This story is from the December 15, 2023 edition of The Straits Times.
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This story is from the December 15, 2023 edition of The Straits Times.
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