Ministers’ salaries set to be raised with Singapore’s econom
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The salaries of Singapore’s multi-millionaire ministers look set to be revised upwards in 2010 with Singapore’s economy growing again.
In his New Year message to Singaporeans, Prime Minister Lee Hsien Loong said Singapore’s economy is likely to grow between 3 and 5 per cent next year.
Describing 2009 as a “volatile year” for the economy, PM Lee said:
“Considering the anxious moments at the depth of the crisis, our subsequent recovery is something to take heart from……Next year we are expecting 3-5 per cent growth.”
PM Lee also urged Singapore workers to ‘up-skill, re-skill and multi-skill,’ adding: ‘They must be flexible, willing to adapt to changed conditions, and take on new jobs as conditions change.’
The variable component of Singapore ministers’ pay are pegged to the nation’s economy. They took a pay cut of up to 20 per cent this year as a result of the sluggish economy.
Singapore’s ministers are the highest paid in the world. The annual salary of PM Lee is about $SGD 3 million dollars, or 5 times more than that of U.S. President Barack Obama.
Even his father, the Minister Mentor Lee Kuan Yew who admitted that he is “not doing much work except doing forecasting”, received a higher pay than Obama.
The elder Lee boasted unashamedly that he would earn “much more” in the private sector.
At 86 years of age, Lee rakes in more than $200,000 a month. In contrast, the median pay of the average Singapore worker is only $2,600.
The obscene salaries of Singapore’s ministers is a constant source of unhappiness among the populace.
After winning the 2006 general election, the ruling party increased the pay of its ministers by more than 50 per cent to bring it “more in line” with the private sector.
With the next election likely to be held in 2010, Singaporeans must think twice before giving PM Lee and his team another “mandate” to “reward” themselves with another fat pay cheque.
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They have all the say, they can raise their salary any time they want. Are they still not happy with their current filthy world class salary?
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O.M.G.
Seriously. This better be a late April's fool joke. =.=
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Originally posted by Fallen-Angel:
O.M.G.
Seriously. This better be a late April's fool joke. =.=
I bet it is not. Where $$$$ it is never a joke to them. $$$$ is motivating factor they stay in politics. -
If the post says something that is released by 1) news organizaition 2)government's press release 3) The government officials, than yes, the topic is true.
But no, this post is speculation, not based on any of the above, only based on imagination or delusion of the writer, something called misinformation. Use words to misdirect people, putting words into other's mouth.
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I am not even lookin at the salaries, simply his lip service of up-skill, re-skill and multi-skill is a dead give away........it is hard to imagine his view can be so navie......
PM Lee also urged Singapore workers to ‘up-skill, re-skill and multi-skill,’ adding: ‘They must be flexible, willing to adapt to changed conditions, and take on new jobs as conditions change
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"Avarice" - that was LKY's label created to describe what he see as JBJ's political ambitions.
Looking back at all the creative labels that LKY had coined for the benefit of his political detractors - it seems that after they have been eliminated, the labels seem to have stuck on to himself and his cronies.
Should Singaporeans need to be surprised with this news about the PAP Political Leadership planning to raise their own stupendous wages further ?
Afterall their wages were supposed to be pegged to that of the ten top wage levels in the Private Sector - and Business Times had reported that -
Ee Cheong gets 27% pay rise in 2009
Posted on 6 Apr 2010 at 3:40 pmEe Cheong gets 27% pay rise in 2009 Business Times - Apr 6, 2010 By SIOW LI SEN UNITED Overseas Bank (UOB) chief executive Wee Ee Cheong got a near 27 per cent pay rise for 2009 while his father, bank chairman Wee Cho Yaw, had none. This contrasted with the ... UOB CEO's pay package up 27 per cent last year - TODAYonline UOB chief's pay up at least 22% - AsiaOne Straits TimesWhen Indonesia's President Suharto fell, LKY remarked that his old friend had treated himself as the Sultan of Indonesia, and as Royals they would treat national assets as belonging to themselves.
The PAP Political Leadership guided by LKY seems to have forgotten that the 'Singapore economy' cannot be compared to that of a 'Business Entity' - allowing the Government leadership to reward themselves according to the state of the Economic Health of Singapore.
The late PAP Leader - S Rajaratnam - should have expressed himself clearer in the 1980s, when he raised his voice of concern to the deteriorating social standards with the emphasis towards ‘Moneytheism’.
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pap want us to up skill
so that we also can rev world
class salaries ma
"Perhaps in next life"
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Originally posted by noahnoah:
pap want us to up skill
so that we also can rev world
class salaries ma
"Perhaps in next life"
Their salary going higher and higher while the some Singaporeans' salary going down and down. They are doing an excellent job in creating wider and wider income gap. -
did they consult the people
the ans is a big no
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Originally posted by CheckmateA1:
did they consult the people
the ans is a big no
When they win the next election, that is the mandate to increase salaries lor.
Hey, I didn't make up the rules.
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Originally posted by charlize:
When they win the next election, that is the mandate to increase salaries lor.
Hey, I didn't make up the rules.
their salary went up many times already
they ft or pt
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Originally posted by CheckmateA1:
did they consult the people
the ans is a big no
Ironic, the pm lee said each election is the time they are given report cards by the people, without report card they increase their pay. sissy loong CBL! -
Originally posted by Dondontan:
Ironic, the pm lee said each election is the time they are given report cards by the people, without report card they increase their pay. sissy loong CBL!
they talk we just listeni "lost" your hdb flat value decrease/drop - bao makan
like that also can
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Originally posted by CheckmateA1:
they talk we just listeni "lost" your hdb flat value decrease/drop - bao makan
like that also can
This was brought up by a local uni student to Teo chee hean. lky thinks everyone in sg stupid, no brain to read the rubbish he dumps. -
Maybe our uni students believe what he says to them?
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Originally posted by Dondontan:
This was brought up by a local uni student to Teo chee hean. lky thinks everyone in sg stupid, no brain to read the rubbish he dumps.
that guy/guy last yr in ugoing to join foreign mnc
after he or she graduate -
Originally posted by charlize:
Maybe our uni students believe what he says to them?
cos they still want to continue their uno choice just tahan first -
Originally posted by CheckmateA1:
that guy/guy last yr in ugoing to join foreign mnc
after he or she graduate
Hope he joines MNC , get posted to overseas to work then settle down there and give up citizenship.My friend PR overseas now thinking whether to give up Singapore citizenship after reading so much of the shit from the current govt.
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the rest are wise
cos later gonna "mark" cannot graduate from u
that one is a warrior - f stupid go and ask some there
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Originally posted by CheckmateA1:
the rest are wise
cos later gonna "mark" cannot graduate from u
that one is a warrior - f stupid go and ask some there
what you expect the locals have ks ks mentality that is why the present incumbent is tapping on this and able to continue to rule for so long. -
is it true that all govt staff
have to vote for Pap or else
thats the end of their rich bowl?
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Originally posted by noahnoah:
is it true that all govt staff
have to vote for Pap or else
thats the end of their rich bowl?
up to individual but majority of the ks ks ones will vote.someone regular from navy voted op and after election he got promotion.
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Originally posted by noahnoah:
is it true that all govt staff
have to vote for Pap or else
thats the end of their rich bowl?
from my humble knowledge, based on your performance -
Originally posted by Dondontan:
up to individual but majority of the ks ks ones will vote.someone regular from navy voted op and after election he got promotion.
he very luckymust go and buy no - huat ah