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The proportion of profitable firms declined from 79% in 2015 to 76% in 2016. As the majority of firms had put in place a wage system that gave flexibility to adjust wages according to business conditions, wage increase continued to moderate. The proportion of employees who received total wage increase also declined from 77% in 2015 to 75% in 2016. These are the key findings from the “Report on Wage Practices 2016” released by the Manpower Research and Statistics Department, Ministry of Manpower.
