Go Unlimited with Magzter GOLD

Go Unlimited with Magzter GOLD

Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just

$149.99
 
$74.99/Year

Try GOLD - Free

Universal minimum wage will scare businesses amid economic uncertainty, says Tan See Leng

The Straits Times

|

May 01, 2025

Now is not the time to introduce a universal minimum wage policy as it will risk driving businesses away amid economic uncertainty in the light of the US tariffs, said Manpower Minister Tan See Leng on April 30.

- Osmond Chia

Universal minimum wage will scare businesses amid economic uncertainty, says Tan See Leng

"Currently, what is most important is to make sure that we are able to ensure that... our workers continue to have gainful, meaningful employment opportunities," Dr Tan said during a walkabout in Chua Chu Kang GRC, which he is contesting.

"We think there's a storm that lies ahead, and whatever study that people propose, there is a timing for everything," added the anchor minister for the PAP team.

Dr Tan was responding to calls for a universal minimum wage policy made by the opposition PSP on the campaign trail.

The PSP, which is running against Dr Tan's PAP team in the group representation constituency, has suggested setting a minimum monthly wage of $2,250 to help Singaporean workers cope with rising living costs.

One of the PSP's candidates for Chua Chu Kang GRC, Mr Lawrence Pek, has criticised the Government's current wage policies as outdated, and urged a review of the feasibility of implementing a universal minimum wage. Mr Pek was the former secretary-general of the Singapore Manufacturing Federation (SMF).

"Businesses are finding it very hard-pressed, particularly with the uncertain economy, (to move) forward because of the tariff war," said Dr Tan, speaking to reporters on the sidelines of a walkabout at Lot One. "Now, if you impose anything, I think you're going to really scare a lot of the businesses away."

MORE STORIES FROM The Straits Times

The Straits Times

Abuse Young children in dysfunctional families face high risks

The physical and mental abuse Megan Khung suffered has left Singaporeans reeling over how this could have happened here.

time to read

1 min

October 28, 2025

The Straits Times

Doctors Dishonesty a serious matter to SMC and courts

The commentary “Are doctors in Singapore being disciplined fairly?

time to read

2 mins

October 28, 2025

The Straits Times

Better tracking needed to measure hearing loss

Hearing loss is a lot more than an ear issue, and is linked to cognitive decline, loneliness, increased fall risk, malnutrition, and even diabetes (Sumiko at 61: Hearing loss is linked to dementia risk.

time to read

1 mins

October 28, 2025

The Straits Times

'Yacht expert' among 3 S'poreans named as co-conspirators of Cambodian tycoon in US probe

Three Singaporeans allegedly implicated in a major probe by the United States and Britain targeting cybercrime include a self-styled yacht expert.

time to read

2 mins

October 28, 2025

The Straits Times

FROM HEARTBREAK TO CONQUERING THE HARD COURTS

In this series, The Straits Times highlights the players or teams to watch in the world of sport.

time to read

5 mins

October 28, 2025

The Straits Times

The Straits Times

S'pore firm sanctioned by US was involved in HDB projects

Khoon Group under scrutiny over links to China-born tycoon in cybercrime probe

time to read

6 mins

October 28, 2025

The Straits Times

Rape Father sentenced to 24 years’ jail

A 54-year-old man, who was goaded by his lover to commit sexual acts on his daughter, was sentenced to 24 years’ jail on Oct 27.

time to read

1 min

October 28, 2025

The Straits Times

Art appreciation Louvre museum heist a wake-up call

I've seen photos of the Louvre in textbooks and read about the Mona Lisa and the endless halls lined with art.

time to read

1 min

October 28, 2025

The Straits Times

S’pore eyes renewable fuel, nuclear tie-ups in drive for diverse energy mix: Tan See Leng

Singapore must be ready to support all promising pathways, from established technologies to novel options, in its bid to transition its fossil fuel-based energy sector to one that is clean yet affordable, said Minister-in-charge of Energy and Science and Technology Tan See Leng on Oct 27.

time to read

4 mins

October 28, 2025

The Straits Times

The Straits Times

Japan's new leader faces an early test: Winning over Trump

Ms Sanae Takaichi, who last week became the first woman to lead Japan as prime minister, has never met US President Donald Trump.

time to read

3 mins

October 28, 2025

Listen

Translate

Share

-
+

Change font size