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Workers in Hong Kong are expected to receive a salary increase of 4% in 2023, 0.5% higher than 2022.
While workers in Singapore will see a salary increase of 3.8%, inflation will set salaries back by 1.7% in real terms this year.
Record real-terms salary decrease is a result of 9.1 percent annual average inflation, the highest in 40 years.
ECA International has made a significant strategic investment in Global Expat Pay Limited.
ECA International announces a significant financial investment in Tracker Software Technologies (TST).