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Market Daily Report: Bursa Malaysia Closes Higher On Strong Buying Of Blue Chips

KUALA LUMPUR, Feb 11 (Bernama) -- Bursa Malaysia ended higher today as buying on selected blue chips continued, said a brokerage.   At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.85 points or 0.51 per cent to 1,756.39 from Tuesday’s close of 1,747.54. The barometer index opened 3.69 points higher at 1,751.23 before moving as low as 1,745.51 in early trade to as high as 1,757.15 during the mid-afternoon session.  Market breadth was positive with gainers leading losers 575 to 474, while 549 counters were unchanged, 1,087 untraded and 11 suspended. Turnover expanded to 2.55 billion units valued at RM3.06 billion from yesterday’s 2.19 billion units valued at RM2.35 billion.
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Lower- and Middle-Income Households Lead Singapore’s Income Growth: MoF

Singapore’s lower- and middle-income households have seen stronger real income growth than top earners over the past decade, according to the Ministry of Finance’s February 2026 paper on income growth and inequality.

Key Findings (2015–2025)

Household Income Growth (Real, Annualised)

  • Second income decile: +3.2%

  • Top decile: +0.3%

 Bottom-tier households grew nearly 10 times faster than the top income group.

Compared internationally:

  • Singapore (bottom 20%): +3.1%

  • UK (bottom 20%): +0.4%

  • Higher than Finland over the same period

Individual Wage Growth (Full-Time Workers)

  • Bottom 10th percentile: +2.6% annually

  • Median worker: +2.1%

  • Top 10th percentile: +1.3%

Income gains were broad-based, but skewed toward lower earners.

Labour Market Strength

  • Resident unemployment (2025): 2.8%

    • Below OECD average

  • Retrenched workers finding same/higher wage jobs:

    • 60% in 2024 (vs 52% in 2018)

  • Re-entry rates (6–18 months):

    • Above 79% from 2016–2024

Labour mobility and re-employment resilience remain strong.

Policy Drivers Behind the Gains

The report credits several labour policies:

  • Progressive Wage Model (PWM)

  • Workfare Income Supplement (WIS)

  • Workfare Skills Support (WSS)

  • Progressive Wage Credit Scheme (PWCS)

  • SkillsFuture Jobseeker Support Scheme

    • Up to $6,000 over six months

These measures:

  • Link wages to skills upgrading

  • Support wage growth in lower-income sectors

  • Provide buffers during job transitions

What This Means

Singapore’s strategy of wage compression through targeted policy support appears to be narrowing income growth disparities without weakening employment conditions.

Real incomes have outpaced inflation across most segments — particularly for lower- and middle-income groups.

Bottom Line

Over the past decade:

  • Lower-income households gained the most

  • Unemployment remained low

  • Re-employment rates improved

  • Policy intervention played a central role

Singapore’s labour model continues to prioritise inclusive growth alongside economic competitiveness.

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