Singapore’s NODX Soars 22.2% in October, Beating Expectations
Singapore’s manpower minister says the Local Qualifying Salary will be refined in Budget 2026, as the Government reviews wage support policies alongside Silver Support thresholds for lower-income seniors nationally.
The Local Qualifying Salary (LQS), which sets the minimum monthly wage employers must pay Singaporeans before hiring foreign workers, will be refined in the upcoming Budget, Manpower Minister Tan See Leng said.
Speaking in Parliament on Jan 13, Dr Tan said details would be announced later, noting the Government is still calibrating changes carefully. He was responding to questions on the Silver Support Scheme, which provides quarterly cash supplements to seniors aged 65 and above with low lifetime wages.
The LQS was last raised in 2024, increasing from $1,400 to $1,600 as part of Budget measures announced by then deputy prime minister Lawrence Wong. The move was paired with enhanced Workfare payouts to support lower-wage workers amid rising costs.
Addressing concerns over policy alignment, Dr Tan clarified that the Silver Support Scheme’s $1,500 threshold refers to per capita household income, not individual earnings. Budget speech scheduled Feb 12.
Read More News on Latest Malaysia
Follow us on
Read More News on Business News Malaysia
Read More News on SG Business News
Read More News on World Future Tv
Read More News #latestmalaysia
Malaysia is reviewing its petroleum reserves to enhance energy security and address global supply uncertainties…
A new Washington Post-Ipsos poll shows Democrats leading Republicans ahead of the 2026 US midterms,…
A former bank analyst has been sentenced to jail after falsely presenting himself as a…
Budget 2027 will prioritize economic growth, rakyat welfare, and sustainability, addressing current challenges while ensuring…
WellCall Holdings may rise if RM1.19 resistance is breached, otherwise selling pressure could increase.
FEYTECH shows potential for a price increase if it breaks RM0.245 resistance, but risks decline…
This website uses cookies.
