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Budget 2027: Technology Adoption, Business Growth Key To Higher Wages, Says Minister

14. October 2026
Policymakers have emphasized that integrating technology and scaling operations are essential strategies to boost productivity and support sustainable wage increases. This directive is crucial for the industry community, as adopting advanced technological solutions can effectively reduce dependence on low-cost foreign labor while balancing rising operational costs. Business leaders should explore available government matching grants and audit their current technological infrastructure to align with these productivity enhancement goals.
 
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