Committee of Supply 2025 debate, Day 5: Yeo Wan Ling on Progressive Wage Credit Scheme
Many retail and F&B companies are grappling with business pressures amid a confluence of factors such as a looming global trade war, the rising cost of raw materials and e-commerce competition. Given their concerns, how can the Progressive Wage Credit Scheme be enhanced to support firms in raising wages for lower-wage workers beyond 2026? MP Yeo Wan Ling asked this question in parliament on Thursday (Mar 6). She suggested additional support for firms that have attained the Progressive Wage Mark. She also said the Progressive Wage Model reporting process should be further streamlined to reduce the administrative burden on businesses.
Many retail and F&B companies are grappling with business pressures amid a confluence of factors such as a looming global trade war, the rising cost of raw materials and e-commerce competition. Given their concerns, how can the Progressive Wage Credit Scheme be enhanced to support firms in raising wages for lower-wage workers beyond 2026? MP Yeo Wan Ling asked this question in parliament on Thursday (Mar 6). She suggested additional support for firms that have attained the Progressive Wage Mark. She also said the Progressive Wage Model reporting process should be further streamlined to reduce the administrative burden on businesses.
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