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Budget 2026: Higher qualifying salaries for Employment Pass, S Pass holders
Budget 2026 raises Employment Pass minimum salaries by up to S$400 and increases Progressive Wage Credit Scheme co-funding to 30% for 2026, supporting wage growth and upskilling.
Summary by Channel News Asia
5 Articles
5 Articles
Budget 2026: Work pass salary hikes may dampen rental demand, raise business costs
Singapore's decision to raise qualifying salaries for Employment Pass (EP) and S Pass holders, as announced in Budget 2026, could weigh on demand for rental housing from foreign workers and increase operating costs for businesses, industry watchers say. The updates to Singapore’s foreign workforce policies are intended to maintain the quality of EP holders as local wages rise, and strengthen support for lower-wage workers. The aim is to keep th…
Coverage Details
Total News Sources5
Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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