SINGAPORE - Lower-wage workers, who are typically on a monthly salary range of between $1,135 and $2,030, will receive an additional wage increase of $40 or $70.
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Here is the press release from Public Service Division:
The Singapore economy grew by 0.2% in the first quarter of 2013, compared to 3.3% in the previous quarter.
The Ministry of Trade and Industry forecasts GDP growth of 1% to 3% for 2013.
The global economy is expected to improve gradually this year with modest growth in the US and moderate growth in Asia supported by healthy domestic demand, although the Eurozone is expected to remain in recession.
Risks to the global growth outlook remain, such as a potential flare-up of the Eurozone debt crisis and fiscal uncertainties in the US.
The overall unemployment rate in Singapore remained low at 1.9% in Mar 2013.
Against this backdrop, the Government has decided t o pay a mid-year Annual Variable Component (AVC) of 0.4-month.
The Government also supports the National Wages Council's (NWC) recommendation to grant a built-in wage increase of at least $60 to raise the wages of low-wage workers earning up to $1,000 per month.