More Companies to Freeze Workers’ Salaries even as Price of Essential Services Increase

More Singaporeans will be in for a tough time over the coming year.

42 percent of employers in Singapore do not plan to offer salary increments over the next year.

This was reported by recruitment firm Hays in its 2021 Asia Salary Guide Report.

35 percent of companies did not increase workers’ salaries in 2020.

Meanwhile, electricity tariffs for households will increase 8.6 per cent for the April to June period this year.

Gas tariffs for households will also increase by 4.9 percent – from 0.84 cents per kilowatt hour to 18.07 cents from Apr 1 to Jun 30.

These prices hikes do not include the prevailing 7 percent GST.

In February this year, petrol prices were raised by between 18 and 23 percent.

In 2018, the price of water was increased by 30 percent, while S&CC was raised by S$0.50 to S$8 per month for households and S$5.20 to S$40.50 per month for market and food stalls.

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