Reported about 1 year ago
The latest statistics released by the Directorate-General of Budget, Accounting and Statistics showed that from January to April this year, the average real regular wages and total wages per person per month have turned positive for the first time in three years. This growth is attributed to increased salaries from businesses finally catching up with inflation. However, with the recent rise in inflation to 2.24% in May, the sustainability of this real wage growth remains uncertain. The report also highlighted wage variances among different industries, with financial and real estate sectors showing higher salary increases due to better business performance and bonuses.
Source: YAHOO