THE projection for salary hikes in Singapore has gone from bad to worse - from among the highest in Asia to one of the lowest.

In a reflection of how fast the Singapore economy is slowing down, a poll of 761 companies has projected that pay increases here are likely to average 3.7 per cent in 2009 - down from the 5.6 per cent actual rise in 2008, and the 5.9 per cent first projected last July.

Increments will be even lower when they are paid out, reported The Business Times on Monday.

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