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Business Times

Singapore firms want Budget to address rising business costs, wages: SBF

Faced with rising business costs and wages in a challenging operating environment, companies want those issues addressed in this year’s Budget.

Some 64 per cent of respondents in the survey were concerned with increasing business costs, such as rental and raw materials. SBF also noted that increases in corporate taxes were a contributing factor.

In addition, more than half of respondents were worried about rising wages.

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