Issue #73: What’s Happening This Week? Sheng Siong Doubles CHAS Discount, Singapore's Real Wages Grow, and More

This week, your wallet's getting some love. Sheng Siong is rolling out a sweeter deal for CHAS card holders just in time for the CDC voucher boost, while fresh numbers from MOM show that Singapore workers' purchasing power quietly improved last year. On the career front, a new study reveals a curious gap between feeling fairly paid and actually being happy about it—plus why job-hoppers might be onto something. Rounding it off, YouTrip has launched a new product for parents who want to keep an eye on the kids' spending. Here are 4 stories worth a scroll.

Psst, missed last week’s issue? View all past editions of What’s Happening This Week? to catch up.

[ms-toc title="Issue #73: What's Happening This Week?"]

Sheng Siong doubles CHAS discounts to 8% at all 88 outlets in June

If you or someone in your household has a CHAS card, June is a great month to do the grocery run at Sheng Siong. The supermarket chain announced on 28 May 2026 that it's doubling the discount for blue and orange CHAS card holders from 4% to 8%, at all 88 outlets islandwide for the whole of June.

Here's the discount schedule and eligibility at a glance:

The scheme, originally slated to end in June 2026, has been extended to 31 Dec 2026—though the discount reverts to 4% from July onwards.

Sheng Siong is also running a separate CDC voucher promo from 1 Jun to 6 Jul: spend $20 in a single receipt with CDC vouchers and get up to 50% off selected staples like eggs and rice.

Back to top

ALSO READ: Which Is The Best Credit Card for Groceries in Singapore?

MOM report: Singapore workers' real wages grew 4% in 2025 as inflation eased

Good news if you're a working resident in Singapore—your pay cheque stretched further in 2025. The Ministry of Manpower's latest wage practices report, released on 28 May, shows real wages climbed 4%, up from 3.2% the year before. That means stronger purchasing power for most workers, helped by a sharp drop in inflation.

The headline numbers:

By worker level, rank-and-file workers saw 4.8% wage growth, while junior and senior management got 5.1% and 4.9% respectively. Notable sector moves:

• Administrative and support services led at 7.5%
• Financial services slowed to 5.9%
• Insurance services climbed from 4.9% to 6.6%
• Construction and accommodation moderated to 4% and 3.9%

Still, fewer firms gave raises—72.4% in 2025 versus 78.3% in 2024—and 24.5% kept wages unchanged. MOM expects wage growth to stay positive but more measured ahead, given global uncertainty and inflation risks.

Back to top

Jobstreet by SEEK study: Most Singapore workers feel fairly paid but few are happy with it

Ever felt your pay is "fair enough" but still wished it was a bit more? You're not alone. The Salary Pulse: Singapore 2026 report released by Jobstreet by SEEK on 25 May 2026 found that nearly 3 in 4 Singapore workers say they're paid fairly—but only 37% are actually happy with their salary. That places Singapore among the least satisfied markets in Asia Pacific.

A few standout findings from the survey of 1,008 workers:

• 77% want internal salary ranges disclosed
• 57% are less likely to apply if pay isn't listed in the job ad
• 73% of those who asked for a pay rise got one (in full or part)
• Only 7% feel "extremely comfortable" asking for a raise
• Job-hoppers were 5x more likely to score pay bumps over 10% than stayers

Gen Z and millennials are also less willing to grin and bear it—29% of Gen Z and 25% of millennials would look for a new role after a disappointing pay outcome, versus just 13% of baby boomers.

Back to top

ALSO READ: Why Are We Still Working While Sick? (And How to Actually Thrive at Work)

YouTrip launches new family product with kids' multi-currency cards

Travelling with the family this June holiday? YouTrip might have just made it easier to give the kids spending money. The Singapore fintech announced on 28 May 2026 a new product called YouTrip Family, which lets parents set up mobile wallets and debit cards for their children—including multi-currency forex for overseas use.

What you'll get with YouTrip Family:

• Up to 10 children's accounts under one parent account
• Same features as a regular adult account, including forex
• Ability to cap each child's spending limit and track transactions
• Option to graduate the account to a full adult one at age 15
• Sign-up via SingPass

The idea came from co-founder and CEO Caecilla Chu's own struggle to get yuan for her son's school trip to Beijing in 2025. The key edge over traditional bank offerings for kids, she said, is the ability to spend overseas. YouTrip Family will launch in Singapore first, with Thailand and Australia rollouts planned next. Group budgeting and bill-splitting tools are slated for Q3 2026.

ALSO READ: Best Travel Insurance for Families (2026) 

That’s it for this week! Stay tuned for next week’s What’s Happening This Week to keep up with the latest in finance, business, and beyond.