Highest percentage of firms give salary rises in 18 years: DGBAS

A record 32.4 percent of companies in the industrial and hospitality sectors have either raised salaries or pledged to do so for employees this year, the largest percentage of firms with a pay hike plan since the turn of the century, according to data released by the Directorate-General of Budget, Accounting and Statistics (DGBAS) on Thursday.

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