ULC, which measures the cost of labour for each unit of economic output, is tipped to pick up - despite milder wage growth - as productivity slackens, according to the latest half-yearly economic review from the Monetary Authority of Singapore (MAS).
Caption: 
ULC, which measures the cost of labour for each unit of economic output, is tipped to pick up - despite milder wage growth - as productivity slackens, according to the latest half-yearly economic review from the Monetary Authority of Singapore (MAS).