According to the Ministry of Manpower (MOM) advance report of how Singapore’s labour market fared in the whole of 2023, with high inflation this year eating into the spending power of Singapore residents, the real incomes for workers at the 20th percentile fell by 3 percent compared with the same period last year, while that for median workers dipped by 2.3 percent, even as nominal wages grew.

Rahul Chawla, Partner and Head of Talent Solutions for Southeast Asia, Aon discusses with the report with us and the reason why employers are not keeping up pace with the rate of inflation. 

According to the Ministry of Manpower (MOM) advance report of how Singapore’s labour market fared in the whole of 2023, with high inflation this year eating into the spending power of Singapore residents, the real incomes for workers at the 20th percentile fell by 3 percent compared with the same period last year, while that for median workers dipped by 2.3 percent, even as nominal wages grew.
Rahul Chawla, Partner and Head of Talent Solutions for Southeast Asia, Aon discusses with the report with us and the reason why employers are not keeping up pace with the rate of inflation.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters with Hongbin Jeong and Chua Tian Tian

A recap of the biggest news stories so you do not miss a thing, even while you were busy working.

A recap of the biggest news stories so you do not miss a thing, even while you were busy working.

The Weekly Wrap-Up

MONEY FM 89.3 is Singapore’s first and only Business and Personal Finance station. MONEY FM is a 24-hour English talk format station featuring local and international business and financial news. We provide you with financial market and currency updates and insights from analysts, economists, policy makers, industry experts and business owners.

In the lighter hours, listen to discussions on social issues and features on topics that include health, education, arts and music.

MONEY FM 89.3 is Singapore&rsquo;s first and only Business and Personal Finance station. MONEY FM is a 24-hour English talk format station featuring local and international business and financial news. We provide you with financial market and currency updates and insights from analysts, economists, policy makers, industry experts and business owners.
In the lighter hours, listen to discussions on social issues and features on topics that include health, education, arts and music.

MONEY FM 89.3 is Singapore’s first and only Business and Personal Finance station.

MONEY FM 89.3

Your evening guide to the day's most important topics — navigate the key events in politics, business, markets, wealth management, and top investment opportunities. Keeps you informed and ahead of the curve, daily.

Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)

Weekly Wrap Up: Salaries flat in SG, employers not keeping up pace with the rate of inflation?

The United States has seized an Iranian cargo ship in the middle of a fragile ceasefire, raising fresh doubts over whether tensions with Tehran are already escalating again.

With Iran rejecting further talks and instability returning to the Strait of Hormuz, the prospects for diplomacy and the truce itself are increasingly uncertain.

On The Big Story, Hongbin Jeong speaks with Dr Leon Goldsmith, Honorary Senior Lecturer in Middle East Politics at the University of Otago, on whether the ceasefire can hold and what this latest escalation means for regional stability and global energy markets.

The United States has seized an Iranian cargo ship in the middle of a fragile ceasefire, raising fresh doubts over whether tensions with Tehran are already escalating again.
With Iran rejecting further talks and instability returning to the Strait of Hormuz, the prospects for diplomacy and the truce itself are increasingly uncertain.
On The Big Story, Hongbin Jeong speaks with Dr Leon Goldsmith, Honorary Senior Lecturer in Middle East Politics at the University of Otago, on whether the ceasefire can hold and what this latest escalation means for regional stability and global energy markets.

The Big Story: Did Washington undermine its own ceasefire with Iran through the cargo ship seizure?

After years of “sit tight and stay defensive,” investors are now facing a very different question, not whether to take risk, but where it actually makes sense again.

So what’s changing in how Asia’s wealthy are investing right now, and where is the smart money starting to move next?

On Wealth Tracker, Hongbin Jeong speaks to Sharon Tan, Head of Wealth APAC and CEO of DWS Singapore, to find out more.

After years of &ldquo;sit tight and stay defensive,&rdquo; investors are now facing a very different question, not whether to take risk, but where it actually makes sense again.
So what&rsquo;s changing in how Asia&rsquo;s wealthy are investing right now, and where is the smart money starting to move next?
On Wealth Tracker, Hongbin Jeong speaks to Sharon Tan, Head of Wealth APAC and CEO of DWS Singapore, to find out more.

Wealth Tracker: How are Asia’s private wealth portfolios being reshaped right now?

On What’s Trending, Hongbin Jeong and Nadiah dive into a 20-cent ‘gas and oil surcharge’ at a Joo Koon Thai stall that has sparked debate in Singapore. Is it fair transparency or hidden profiteering? As netizens split over rising costs and hawker survival, the issue goes beyond just price, raising bigger questions about what we expect from small businesses in an inflationary world.

Meanwhile in Beijing, humanoid robots have completed a half-marathon, and some even beat human runners. From struggling machines last year to record-breaking performance today, how close are we to robots competing with humans in everyday life?

On What&rsquo;s Trending, Hongbin Jeong and Nadiah dive into a 20-cent &lsquo;gas and oil surcharge&rsquo; at a Joo Koon Thai stall that has sparked debate in Singapore. Is it fair transparency or hidden profiteering? As netizens split over rising costs and hawker survival, the issue goes beyond just price, raising bigger questions about what we expect from small businesses in an inflationary world.
Meanwhile in Beijing, humanoid robots have completed a half-marathon, and some even beat human runners. From struggling machines last year to record-breaking performance today, how close are we to robots competing with humans in everyday life?

Weekly Wrap Up: Salaries flat in SG, employers not keeping up pace with the rate of inflation?

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