PM Wong compared the current risks to the oil shocks of the 1970s, cautioning that the world could face renewed stagflation, a combination of economic stagnation and high inflation.
Staffing firms like Adecco are often viewed as a barometer of economic confidence.
ILO said the principle of “employer pays” remains central to fair and ethical recruitment, especially for vulnerable migrant workers.
The professional networking platform is preparing another round of job cuts as technology companies continue restructuring operations around growth priorities and AI-driven change.
The agreement also expands paternity leave from five days to 15 working days and increases maternity leave from 98 days to 120 days, strengthening support for working parents.
