Singapore Civil Servants Pay Rise, February 21: Hiring and CPI Watch

Singapore Civil Servants Pay Rise, February 21: Hiring and CPI Watch

Today’s Singapore civil servants pay r update matters for markets. About 22,000 civil servants will receive 2% to 9% salary increases from Aug 1, keeping pace with market benchmarks after broad wage gains since 2022. Public Service Division Singapore says the adjustment helps attract and retain talent. We see modest support for consumption and clearer wage signals for private employers. Investors should watch hiring metrics and CPI prints into H2 2026 for inflation and policy read-through. This update also shapes the Singapore wage outlook as firms reset budgets for 2026.

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