Govt will monitor business costs closely and provide support when needed: Low Yen Ling

Even as Singapore recovers from the COVID-19 pandemic, rising business costs remain a concern, with global supply disruptions and a tight labour market casting a shadow. The government said it is closely monitoring the situation, keeping an eye on surging energy prices. Authorities said targeted support will continue to be provided to businesses where needed, as several sectors grapple with rising production costs.

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