ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Working in Japan or Singapore? Don't expect big raise in COVID era

As many employers freeze salaries, study finds more optimism in emerging Asia

Office workers in Singapore's central business district: The city-state's coronavirus restrictions hit many employers hard.   © Reuters

SINGAPORE -- With no revenue generated from April to July this year, Thomas Ng decided to freeze the salaries of his employees.

The 52-year-old managing director at Singapore construction company Hwa Seng Builder is among scores of employers in the city-state, and across Asia, who are putting pay increases on hold to cope with COVID-19.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more