Peter Seah steps down as chair of National Wages Council for personal reasons; Hsieh Fu Hua takes over

CNA has reached out to these organisations to ask if his appointments there will continue.

The government expressed deep appreciation to him for many years of dedicated service as NWC chairman.

“Under his strong stewardship, the NWC navigated some of the most challenging periods in Singapore’s economic history, including the COVID-19 pandemic,” MOM said.

“His leadership was instrumental in building and sustaining the tripartite consensus that underpinned Singapore’s wage policies during his tenure, which provided critical support for our workers and Singapore’s continued economic development.”

Mr Hsieh, 75, is the chairman of the National University of Singapore board of trustees and serves in other organisations, including as deputy chairman of CapitaLand Investment and the board director of sovereign wealth fund GIC.

He was previously president of the National Council of Social Service, CEO of Singapore Exchange and president of Temasek Holdings.

“His experience in bringing together diverse stakeholders and building consensus will be valuable in leading NWC’s upcoming tripartite deliberations on wage issues,” said MOM.

The NWC is set to convene on Wednesday to develop its annual wage guidelines for Dec 1, 2026 to Nov 30, 2027.

MOM previously said the council aimed to release the guidelines, which also cover progressive wage growth for lower-wage workers, by end-October.