Budget 2026 continues Singapore’s push to uplift wages and strengthen the local workforce, including raising the Local Qualifying Salary from S$1,600 to S$1,800 and tightening salary thresholds for Employment Pass and S Pass holders. The move reflects a broader effort to upgrade jobs and lift incomes while keeping Singapore competitive as a global business hub.

But as hiring costs rise, businesses are weighing the implications. Are SMEs feeling the squeeze as wage floors move up?

Ryan Huang moderates a panel with Shawn Huang, Senior Parliamentary Secretary for Finance & Manpower, Lee Sze Yeng, Managing Partner, KPMG in Singapore, Ang Yuit, President at ASME, and Max Loh, Vice-Chair, Singapore Institute of Directors.

Watch the full discussion on MONEY FM 89.3's YouTube channel: https://youtu.be/_ZIxGRaoCY8

Budget 2026 continues Singapore&rsquo;s push to uplift wages and strengthen the local workforce, including raising the Local Qualifying Salary from S$1,600 to S$1,800 and tightening salary thresholds for Employment Pass and S Pass holders. The move reflects a broader effort to upgrade jobs and lift incomes while keeping Singapore competitive as a global business hub.
But as hiring costs rise, businesses are weighing the implications. Are SMEs feeling the squeeze as wage floors move up?
Ryan Huang moderates a panel with&nbsp;Shawn Huang, Senior Parliamentary Secretary for Finance &amp; Manpower, Lee Sze Yeng, Managing Partner, KPMG in Singapore, Ang Yuit, President at ASME, and Max Loh, Vice-Chair, Singapore Institute of Directors.
Watch the full discussion on MONEY FM 89.3's YouTube channel:&nbsp;<a href="https://youtu.be/_ZIxGRaoCY8" data-saferedirecturl="https://www.google.com/url?q=https://youtu.be/_ZIxGRaoCY8&amp;source=gmail&amp;ust=1773352627426000&amp;usg=AOvVaw2LZAxiL-DsrfxnR5pYKL_a">https://youtu.be/_ZIxGRaoCY8</a>

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Get a head start to your work day with Ryan Huang, Emaad Akhtar and Audrey Siek from 6am to 9am. 
Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Breakfast with Ryan Huang, Emaad Akhtar and Audrey Siek

Get a head start on your workday with Ryan Huang, Emaad Akhtar and Audrey Siek from 6 am to 9 am. 

Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Get a head start on your workday with Ryan Huang, Emaad Akhtar and Audrey Siek from 6 am to 9 am. 
Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.