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http://nextinsight.net/index.php/component/content/article/35-2008/3903-amazing-book
Written by The NextInsight Team
Dr Cai Mingjie, whose PhD degree was from Stanford University, was among the Principal Investigators doing research at A-Star in Singapore. He lost his job in 2008 and failed to find employment, so he decided to become a taxi driver with SMRT.....
Dr Cai's experiences on the road are recounted with sharp observations and wit, and readers will be able to identify with many facets of Singapore life and its people and visitors....
More on Dr Cai can be found in a Wikipedia entry: http://en.wikipedia.org/wiki/Cai_Mingjie
Readers have found his book (published by Aktive Learning) an absorbing read cover to cover, and comments included:
" As a hedge fund manager in the Asia Pacific region but based in Hong Kong, I have frequent stopovers at the Singapore Changi Airport. I spotted this book and find it an amazing read. The hidden message of this book is quite simple: Don't Give Up! Good job, Dr. Cai!" - jarjar
We have a limited number of copies of the book which you can buy at S$19.90.
You can get it from Ms Sim Kih during office hours at our office: 4, Robinson Road, The House of Eden, #04-01, Singapore 048543.
Or you can pay through PayPal (button below) and we will send it to you by ordinary mail free of charge (only for Singapore addresses).
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|
| Equity Fund Flows |
Big picture - Fund outflows across board.
This is the first outflows for Emerging Mkts (-$1.5bn) in 8 weeks while Developed Mkts also saw 4bn of outflows (largely led by outflows from North America) for the week ending 18 May. Prior week already showed a tapering off in fund inflows across board.
For week ending 18 May, EM Asia flows were also negative (-$0.7bn) for the first time in 9 weeks. Only HK, Indonesia and Taiwan saw net inflows. Largest outflows were attributed to China, India and Korea.
YTD DM saw the largest net inflows ($55.1bn) led by North America ($38.1bn). EM (-$4.4bn)on the other hand saw net ouflows.
EM Asia (-$3.1bn) similarly saw net outflows let by China, India and Singapore.
Trend wise, Asia as a whole display similar characteristics, except for Japan. On a 4 weeks moving avg basis, net inflows across Asia are tapering off from their highs of mid April 2011.
|
you must be
1st WORLD HEAD HUNTER ?
with a lot of
powerful top connections ?
By Chester Tan, 23/05/2011
BLOG: Asus Transformer - Android in Disguise
While the whole world chases after the iPad 2, Chester Tan puts his money on the Asus Eee Pad Transformer TF101
If you think that it's just a laptop, then you would have been successfully fooled by the " disguise" . It is actually a 10.1" living Android 3.0 Honeycomb tablet.
The beauty of this particular product is that it comes with an optional keyboard dock that can be folded into place, just like a laptop. While competitors do have keyboard accessories, they are either a wireless version in a separate unit (like Motorola XOOM) or a dock that cannot be folded (like Apple iPad).
Question is: why buy this when you should get a laptop? The beautiful answer is: why not when I can have both! Undock it and it's just another tablet. Dock it, and you get a laptop.
A tablet is great for hand gesture interaction, but if you need to do serious typing, it's a nightmare. Besides, once the screen keyboard appears, you have little display space left to see what you are typing, not to mention how unfeeling touch keyboards are.
Chester Tan
A laptop?
President salary is 4.2 million, after 60% pay cut -- still huat arhhh. 1.68 million.
President salary is 4.2 million, after 70% pay cut -- still huat arhhh. 1.26 million.
PM Lee carry wealth and prosperity, flourishing, thriving, success, and good fortune, salary for PM should rise for carry this and such a huge the weighing machine, making sure this huge family and everyone prosperous.
DPM salary should be 20% less than PM, while heavy ministry, their salary should be 1.68million plus plus and those less than heavy weight offical holders, their salary should not be more then1.26 million.
Junior ministry and those in Senior MOS, their salary should package and comparable worthy to median civil wage, be in range 250k to less than a million.
MPs (part-time or full-time) should be determine..by hourly rated for part-timers and full-timer should be not more then 200k, quite comparable to charity CEO.
There are AVERAGES ? ? ? ?
AVERAGE is " RUBBISH" in STATISTICS ? ? ? ?
BECAUSE AVERAGE DISTORTS AND HIDE THE TRUE FACTS ? ? ? ?
MORE ACCUTRATELY ANNUAL GDP
must be CATEGORISED
by GDP RANGE and NUMBER of CAPITAL for each GDP Range.
this is MEANINGLESS ? ? ? ?
It should be presented by Category:
2010 S$0 to S$500 299,444
S$501 to S$1,000 577,544
.................................... .............
S$1 Million to S$2 Million 29,988
This categorization will tell the TRUTH and NOTHING BUT THE TRUTH ? ? ? ?
teeth53 ( Date: 23-May-2011 10:57) Posted:
http://www.singstat.gov.sg/stats/themes/economy/hist/gdp.html
| Time Series on Per Capita GDP at Current Market Prices |
| Copyright © Singapore Department of Statistics. All Rights Reserved. |
| |
|
|
|
|
Year
|
S$
|
US$
|
|
1960
|
1,310
|
428
|
|
1961
|
1,374
|
449
|
|
1962
|
1,445
|
472
|
|
1963
|
1,564
|
511
|
|
1964
|
1,486
|
485
|
|
1965
|
1,580
|
516
|
|
1966
|
1,734
|
566
|
|
1967
|
1,915
|
626
|
|
1968
|
2,168
|
708
|
|
1969
|
2,487
|
812
|
|
1970
|
2,832
|
925
|
|
1971
|
3,278
|
1,075
|
|
1972
|
3,855
|
1,371
|
|
1973
|
4,737
|
1,928
|
|
1974
|
5,749
|
2,359
|
|
1975
|
6,065
|
2,558
|
|
1976
|
6,536
|
2,645
|
|
1977
|
7,022
|
2,879
|
|
1978
|
7,776
|
3,420
|
|
1979
|
8,852
|
4,071
|
|
1980
|
10,685
|
4,990
|
|
1981
|
11,947
|
5,655
|
|
1982
|
12,786
|
5,975
|
|
1983
|
14,135
|
6,689
|
|
1984
|
15,182
|
7,117
|
|
1985
|
14,847
|
6,748
|
|
1986
|
14,922
|
6,853
|
|
1987
|
16,357
|
7,767
|
|
1988
|
18,722
|
9,303
|
|
1989
|
20,897
|
10,715
|
|
1990
|
23,101
|
12,745
|
|
1991
|
24,898
|
14,412
|
|
1992
|
26,225
|
16,099
|
|
1993
|
29,489
|
18,250
|
|
1994
|
32,718
|
21,421
|
|
1995
|
35,012
|
24,702
|
|
1996
|
36,562
|
25,929
|
|
1997
|
38,840
|
26,158
|
|
1998
|
36,229
|
21,647
|
|
1999
|
36,342
|
21,442
|
|
2000
|
40,364
|
23,414
|
|
2001
|
37,974
|
21,194
|
|
2002
|
38,865
|
21,705
|
|
2003
|
40,627
|
23,319
|
|
2004
|
45,716
|
27,046
|
|
2005
|
48,939
|
29,400
|
|
2006
|
52,466
|
33,020
|
|
2007
|
58,243
|
38,646
|
|
2008
|
55,369
|
39,136
|
|
2009
|
53,464
|
36,758
|
|
2010
|
59,813
|
43,867
|
|
|
|
teeth53 ( Date: 23-May-2011 10:50) Posted:
opp sori...
President salary is 4.2 million, after 60% pay cut -- still huat arhhh. 1.68 million.
President salary is 4.2 million, after 70% pay cut -- still huat arhhh. 1.26 million. |
|
|
|
salary should be OPEN to PUBLIC TENDER ? ? ? ?
Based on OUTSORUCING MODEL ? ? ? ?
Or every constituency's salary [including the town council management] should be approved by each contituency's voters ? ? ? ? teeth53 ( Date: 23-May-2011 10:50) Posted:
opp sori...
President salary is 4.2 million, after 60% pay cut -- still huat arhhh. 1.68 million.
President salary is 4.2 million, after 70% pay cut -- still huat arhhh. 1.26 million.
teeth53 ( Date: 23-May-2011 10:46) Posted:
This what HR is pay to grad...
Part-time grad...now getting $8/- to $12/- per hour... 
Full-time grad...getting median pay $3.3k to $4k...
MP pay is 12k..?. (3X to 4X...?) even after salary cut.
President salary is 4.2 million, after 70% pay cut -- still huat arhhh. 1.68 million. |
|
|
|
http://www.singstat.gov.sg/stats/themes/economy/hist/gdp.html
| Time Series on Per Capita GDP at Current Market Prices |
| Copyright © Singapore Department of Statistics. All Rights Reserved. |
| |
|
|
|
|
Year
|
S$
|
US$
|
|
1960
|
1,310
|
428
|
|
1961
|
1,374
|
449
|
|
1962
|
1,445
|
472
|
|
1963
|
1,564
|
511
|
|
1964
|
1,486
|
485
|
|
1965
|
1,580
|
516
|
|
1966
|
1,734
|
566
|
|
1967
|
1,915
|
626
|
|
1968
|
2,168
|
708
|
|
1969
|
2,487
|
812
|
|
1970
|
2,832
|
925
|
|
1971
|
3,278
|
1,075
|
|
1972
|
3,855
|
1,371
|
|
1973
|
4,737
|
1,928
|
|
1974
|
5,749
|
2,359
|
|
1975
|
6,065
|
2,558
|
|
1976
|
6,536
|
2,645
|
|
1977
|
7,022
|
2,879
|
|
1978
|
7,776
|
3,420
|
|
1979
|
8,852
|
4,071
|
|
1980
|
10,685
|
4,990
|
|
1981
|
11,947
|
5,655
|
|
1982
|
12,786
|
5,975
|
|
1983
|
14,135
|
6,689
|
|
1984
|
15,182
|
7,117
|
|
1985
|
14,847
|
6,748
|
|
1986
|
14,922
|
6,853
|
|
1987
|
16,357
|
7,767
|
|
1988
|
18,722
|
9,303
|
|
1989
|
20,897
|
10,715
|
|
1990
|
23,101
|
12,745
|
|
1991
|
24,898
|
14,412
|
|
1992
|
26,225
|
16,099
|
|
1993
|
29,489
|
18,250
|
|
1994
|
32,718
|
21,421
|
|
1995
|
35,012
|
24,702
|
|
1996
|
36,562
|
25,929
|
|
1997
|
38,840
|
26,158
|
|
1998
|
36,229
|
21,647
|
|
1999
|
36,342
|
21,442
|
|
2000
|
40,364
|
23,414
|
|
2001
|
37,974
|
21,194
|
|
2002
|
38,865
|
21,705
|
|
2003
|
40,627
|
23,319
|
|
2004
|
45,716
|
27,046
|
|
2005
|
48,939
|
29,400
|
|
2006
|
52,466
|
33,020
|
|
2007
|
58,243
|
38,646
|
|
2008
|
55,369
|
39,136
|
|
2009
|
53,464
|
36,758
|
|
2010
|
59,813
|
43,867
|
|
|
|
teeth53 ( Date: 23-May-2011 10:50) Posted:
opp sori...
President salary is 4.2 million, after 60% pay cut -- still huat arhhh. 1.68 million.
President salary is 4.2 million, after 70% pay cut -- still huat arhhh. 1.26 million.
teeth53 ( Date: 23-May-2011 10:46) Posted:
This what HR is pay to grad...
Part-time grad...now getting $8/- to $12/- per hour...
Full-time grad...getting median pay $3.3k to $4k...
MP pay is 12k..?. (3X to 4X...?) even after salary cut.
President salary is 4.2 million, after 70% pay cut -- still huat arhhh. 1.68 million. |
|
|
|
GROSS EXUBERANCE ? ? ? ?
HOW MANY HOURS OF ACTUAL WORK WITH ACCOMPLISHED RESULTS ? ? ? ?
LOOK AT CITIZEN BENEFICIAL
KEY PERFORMANCE INDICATORS [KPIs] ? ? ? ?
NOT JUST BY THE EFFORTS ? ? ? ?
[Like the SLEEPY PARLIEMENT SESSIONS BROADCASTED ON TVs]teeth53 ( Date: 23-May-2011 10:46) Posted:
This what HR is pay to grad...
Part-time grad...now getting $8/- to $12/- per hour...
Full-time grad...getting median pay $3.3k to $4k...
MP pay is 12k..?. (3X to 4X...?) even after salary cut.
President salary is 4.2 million, after 70% pay cut -- still huat arhhh. 1.68 million. |
|
opp sori...
President salary is 4.2 million, after 60% pay cut -- still huat arhhh. 1.68 million.
President salary is 4.2 million, after 70% pay cut -- still huat arhhh. 1.26 million.
teeth53 ( Date: 23-May-2011 10:46) Posted:
This what HR is pay to grad...
Part-time grad...now getting $8/- to $12/- per hour...
Full-time grad...getting median pay $3.3k to $4k...
MP pay is 12k..?. (3X to 4X...?) even after salary cut.
President salary is 4.2 million, after 70% pay cut -- still huat arhhh. 1.68 million. |
|
ENLIGHTENMENT
SINGAPOREANS are THE MOST LAW ABIDDING CITIZENS IN THE WORLD.
[Even foreign diplomat could drive recklessly on Singapore roads and killed innocent pedestrians ? ? ? ?]
RISK PREMIUM OF SINGAPORE POLITICIANS IS ZERO
[just like the SINGAPORE BANKS' NEAR ZERO SAVING INTEREST RATES ? ? ? ?]
mOre Over POLITICIANS are holding MULTIPLE APPOINTMENTS ? ? ? ?
with MULTIPLE SORUCES OF INCOME ? ? ? ?
HOW MANY ABSOLUTE HOURS are actually SPENT on resolving national issues ? ? ? ?
From the other angle, how many absolute hours are LEFT after spending time in other private appointments ? ? ? ?Laulan ( Date: 23-May-2011 09:50) Posted:
Quote: " The PMO statement said the review will cover the President, Prime Minister, political appointment holders and Members of Parliament (MPs). "
It is definitely a welcome move by all members of the public. Such a review is long overdue because of the lack of officially recorded voices against the high fixture of political office holders' salaries. With effect from 21 May, 2011, all politically salaries will begin from there and adjusted retrospectively according to the recommendations that would be put in place by the committee that was set up yesterday.
Ministers and political appointments are always held in high esteem, and besides the fringe benefits afforded them in private and public lives, their salaries are not always pegged against the private sectors' remunerations in any country we know of. Furthermore. private sector pay ranges widely. Some CEOs may receive a million dollars in bonus on top of their pay, but some may receive much much lesser that what the company can afford.. However, in their positions, CEOs normally take big financial risks while political office bearers don't take that kind of risks. Granted in many backward countries, the risk of losing their lives where countries are in chaos, they deserved higher premiums to be paid to them, we in Singapore are different lots, considering our people being well behaved, quite " kiasu" in many respects, and our politicians are nationalistically minded and where every citizen always has national interests at hearts.
I would wish for a drastic cut by the review committee. Cheers. |
|
This what HR is pay to grad...
Part-time grad...now getting $8/- to $12/- per hour...
Full-time grad...getting median pay $3.3k to $4k...
MP pay is 12k..?. (3X to 4X...?) even after salary cut.
President salary is 4.2 million, after 70% pay cut -- still huat arhhh. 1.68 million.
‘Forget politics, what is the job worth?’
Tan Weizhen
weizhen@mediacorp.com.sg
SINGAPORE
Let’s view each ministerial job squarely for what it is — that is the approach that the chairman of the new salary review committee wants to take.
“We will start with a proper process.
Forget the political part of the job, we will be redefining its worth by looking at everything else from the job scope to the hours put in,” said Mr Ee. This task will “not be insurmountable” as it is what human resource practitioners do all the time.
— Embarking on the very delicate task of reviewing ministerial salaries, one of the most politically controversial issues of the last 17 years, Mr Gerard Ee (picture) is determined to put aside all political lenses.Laulan ( Date: 23-May-2011 09:50) Posted:
Quote: " The PMO statement said the review will cover the President, Prime Minister, political appointment holders and Members of Parliament (MPs). "
It is definitely a welcome move by all members of the public. Such a review is long overdue because of the lack of officially recorded voices against the high fixture of political office holders' salaries. With effect from 21 May, 2011, all politically salaries will begin from there and adjusted retrospectively according to the recommendations that would be put in place by the committee that was set up yesterday.
Ministers and political appointments are always held in high esteem, and besides the fringe benefits afforded them in private and public lives, their salaries are not always pegged against the private sectors' remunerations in any country we know of. Furthermore. private sector pay ranges widely. Some CEOs may receive a million dollars in bonus on top of their pay, but some may receive much much lesser that what the company can afford.. However, in their positions, CEOs normally take big financial risks while political office bearers don't take that kind of risks. Granted in many backward countries, the risk of losing their lives where countries are in chaos, they deserved higher premiums to be paid to them, we in Singapore are different lots, considering our people being well behaved, quite " kiasu" in many respects, and our politicians are nationalistically minded and where every citizen always has national interests at hearts.
I would wish for a drastic cut by the review committee. Cheers. |
|
we are talking about
ZERO RISK FIXED EMPLOYMENT SALARY even paid during the WORST TIMES.
not profits [not forgeting LOSSES] of business owner ? ? ? ?
mOre over do the business owner CLOSE down own business BEFORE taking up political appointment ? ? ? ?
[One very good example is President MA of TAIWAN. Even his wife and brother immediately resigned from ALL APPOINTMENTS for him to be President of TAIWAN ? ? ? ?]
business owner risks
TOTAL LOSS ? ? ? ?
That is why ALL " A" Team people dared nOt become OWN BOSS ? ? ? ?
Because polical appointment salary is
100% SAFE ? ? ? ?rotijai ( Date: 23-May-2011 08:58) Posted:
wat if their last drawn pay is higher than wat the cabinet has to offer ?
pharoah88 ( Date: 23-May-2011 08:04) Posted:
|
By Channel NewsAsia, Updated: 22/05/2011
Singapore to review salaries of President and Cabinet
SINGAPORE: The Prime Minister’s Office (PMO) has spelt out the terms of reference for the review of salaries for the President and political appointment holders.
It issued a statement on Sunday, a day after Prime Minister Lee Hsien Loong announced the formation of a committee to review political salaries.
The PMO statement said the review will cover the President, Prime Minister, political appointment holders and Members of Parliament (MPs).
The committee’s terms of reference will be to review the basis and level of salaries " to help ensure honest and competent government" .
The committee should take into account salaries of comparable jobs in the private sector and also other reference points such as the general wage levels in Singapore.
[nOt to forget ? ? ? ? incumbent and rookie's LAST DRAWN SALARY BEFORE political appointment ? ? ? ?]
The statement added: " The committee should also take into account the following guidelines:
a. while the salary of the President should reflect the President’s high status as the head of state and his critical custodial role as holder of the second key, it should also take into account the fact that unlike the Prime Minister he does not have direct executive responsibilities except as they relate to his custodial role
b. the salary of ministers should have a significant discount to comparable private—sector salaries to signify the value and ethos of political service."
[political appointment is a SALARIED JOB and nOt an BUSINESS OWNER ? ? ? ?]
The government will base its new salaries on these recommendations.
Prime Minister Lee has decided that the new salaries will take effect from the day the new government took office, which is 21 May.
As for the President’s salary, the statement said it will commence from the new term of the President.
However President S R Nathan has informed Prime Minister Lee that he, too, will adopt the new salary from 21 May.
Singapore ministers are among the highest paid in the world.
Their salaries are currently pegged to two—thirds of the median salary of the top eight earners in six professions in the private sector.
[should peg to China ministers' salaries & ASEAN PEER ministers' salaries ? ? ? ?]
At the swearing—in ceremony for the new Cabinet on Saturday, Prime Minister Lee said that " politics is not a job or a career promotion" but " a calling to serve the larger good of Singapore" . He noted that Singaporeans have genuine concerns over the present ministerial salaries.
" Hence I am appointing a committee to review the basis and level of political salaries. The committee will be chaired by Mr Gerard Ee, Chairman of Changi General Hospital and Chairman of NKF," he said.
" The inclination, obviously, once the PM says to reflect the ethos and values of the political appointments, you can expect that in all probability it would be a cut," said Mr Ee on Sunday.
Together with Mr Ee, the committee will have eight members from the private sector, labour movement and social sector.
[These should be ELECTED by the citizens ? ? ? ?]
The seven other members are:
Mr John De Payva, president of the National Trades Union Congress
Ms Fang Ai Lian, chairman of the Charity Council and chairman of Methodist Girls’ School Board of Management
Mr Stephen Lee Ching Yen, president of Singapore National Employers Federation
Mr Po’ad Shaik Abu Bakar Mattar, a member of the Council of Presidential Advisers and a member of the Public Service Commission
Mr George Quek, founder and chairman of Breadtalk Group Ltd, vice—president of Teochew Poit Ip Huay Kuan, chairman of Xinmin Secondary School Advisory Committee
Mr Lucien Wong, managing partner of Allen & Gledhill LLP and chairman of Maritime and Port Authority and
Mr Wong Ngit Liong, chairman of the National University of Singapore Board of Trustees and chairman & CEO of Venture Corporation Limited.
[Lack of grassroot representation ? ? ? ?]
— CNA/ir
|
|
|
|
Local internal issues are now handle by newer and younger ministers and worker's party.
PAP has looked beyong these reponsibilities to be resumed and be focused globally .
Dont just confine to housing or salary issues, look whats happening to the rests of the world,
Spain has 4.5 million jobless...
Other places having war, Obama wants to blow up the oil tank...........
count yourself lucky you are in singapore.
Quote: " The PMO statement said the review will cover the President, Prime Minister, political appointment holders and Members of Parliament (MPs). "
It is definitely a welcome move by all members of the public. Such a review is long overdue because of the lack of officially recorded voices against the high fixture of political office holders' salaries. With effect from 21 May, 2011, all politically salaries will begin from there and adjusted retrospectively according to the recommendations that would be put in place by the committee that was set up yesterday.
Ministers and political appointments are always held in high esteem, and besides the fringe benefits afforded them in private and public lives, their salaries are not always pegged against the private sectors' remunerations in any country we know of. Furthermore. private sector pay ranges widely. Some CEOs may receive a million dollars in bonus on top of their pay, but some may receive much much lesser that what the company can afford.. However, in their positions, CEOs normally take big financial risks while political office bearers don't take that kind of risks. Granted in many backward countries, the risk of losing their lives where countries are in chaos, they deserved higher premiums to be paid to them, we in Singapore are different lots, considering our people being well behaved, quite " kiasu" in many respects, and our politicians are nationalistically minded and where every citizen always has national interests at hearts.
I would wish for a drastic cut by the review committee. Cheers.
wat if their last drawn pay is higher than wat the cabinet has to offer ?
pharoah88 ( Date: 23-May-2011 08:04) Posted:
|
By Channel NewsAsia, Updated: 22/05/2011
Singapore to review salaries of President and Cabinet
SINGAPORE: The Prime Minister’s Office (PMO) has spelt out the terms of reference for the review of salaries for the President and political appointment holders.
It issued a statement on Sunday, a day after Prime Minister Lee Hsien Loong announced the formation of a committee to review political salaries.
The PMO statement said the review will cover the President, Prime Minister, political appointment holders and Members of Parliament (MPs).
The committee’s terms of reference will be to review the basis and level of salaries " to help ensure honest and competent government" .
The committee should take into account salaries of comparable jobs in the private sector and also other reference points such as the general wage levels in Singapore.
[nOt to forget ? ? ? ? incumbent and rookie's LAST DRAWN SALARY BEFORE political appointment ? ? ? ?]
The statement added: " The committee should also take into account the following guidelines:
a. while the salary of the President should reflect the President’s high status as the head of state and his critical custodial role as holder of the second key, it should also take into account the fact that unlike the Prime Minister he does not have direct executive responsibilities except as they relate to his custodial role
b. the salary of ministers should have a significant discount to comparable private—sector salaries to signify the value and ethos of political service."
[political appointment is a SALARIED JOB and nOt an BUSINESS OWNER ? ? ? ?]
The government will base its new salaries on these recommendations.
Prime Minister Lee has decided that the new salaries will take effect from the day the new government took office, which is 21 May.
As for the President’s salary, the statement said it will commence from the new term of the President.
However President S R Nathan has informed Prime Minister Lee that he, too, will adopt the new salary from 21 May.
Singapore ministers are among the highest paid in the world.
Their salaries are currently pegged to two—thirds of the median salary of the top eight earners in six professions in the private sector.
[should peg to China ministers' salaries & ASEAN PEER ministers' salaries ? ? ? ?]
At the swearing—in ceremony for the new Cabinet on Saturday, Prime Minister Lee said that " politics is not a job or a career promotion" but " a calling to serve the larger good of Singapore" . He noted that Singaporeans have genuine concerns over the present ministerial salaries.
" Hence I am appointing a committee to review the basis and level of political salaries. The committee will be chaired by Mr Gerard Ee, Chairman of Changi General Hospital and Chairman of NKF," he said.
" The inclination, obviously, once the PM says to reflect the ethos and values of the political appointments, you can expect that in all probability it would be a cut," said Mr Ee on Sunday.
Together with Mr Ee, the committee will have eight members from the private sector, labour movement and social sector.
[These should be ELECTED by the citizens ? ? ? ?]
The seven other members are:
Mr John De Payva, president of the National Trades Union Congress
Ms Fang Ai Lian, chairman of the Charity Council and chairman of Methodist Girls’ School Board of Management
Mr Stephen Lee Ching Yen, president of Singapore National Employers Federation
Mr Po’ad Shaik Abu Bakar Mattar, a member of the Council of Presidential Advisers and a member of the Public Service Commission
Mr George Quek, founder and chairman of Breadtalk Group Ltd, vice—president of Teochew Poit Ip Huay Kuan, chairman of Xinmin Secondary School Advisory Committee
Mr Lucien Wong, managing partner of Allen & Gledhill LLP and chairman of Maritime and Port Authority and
Mr Wong Ngit Liong, chairman of the National University of Singapore Board of Trustees and chairman & CEO of Venture Corporation Limited.
[Lack of grassroot representation ? ? ? ?]
— CNA/ir
|
|
By Channel NewsAsia, Updated: 22/05/2011
Singapore to review salaries of President and Cabinet
SINGAPORE: The Prime Minister’s Office (PMO) has spelt out the terms of reference for the review of salaries for the President and political appointment holders.
It issued a statement on Sunday, a day after Prime Minister Lee Hsien Loong announced the formation of a committee to review political salaries.
The PMO statement said the review will cover the President, Prime Minister, political appointment holders and Members of Parliament (MPs).
The committee’s terms of reference will be to review the basis and level of salaries " to help ensure honest and competent government" .
The committee should take into account salaries of comparable jobs in the private sector and also other reference points such as the general wage levels in Singapore.
[nOt to forget ? ? ? ? incumbent and rookie's LAST DRAWN SALARY BEFORE political appointment ? ? ? ?]
The statement added: " The committee should also take into account the following guidelines:
a. while the salary of the President should reflect the President’s high status as the head of state and his critical custodial role as holder of the second key, it should also take into account the fact that unlike the Prime Minister he does not have direct executive responsibilities except as they relate to his custodial role
b. the salary of ministers should have a significant discount to comparable private—sector salaries to signify the value and ethos of political service."
[political appointment is a SALARIED JOB and nOt an BUSINESS OWNER ? ? ? ?]
The government will base its new salaries on these recommendations.
Prime Minister Lee has decided that the new salaries will take effect from the day the new government took office, which is 21 May.
As for the President’s salary, the statement said it will commence from the new term of the President.
However President S R Nathan has informed Prime Minister Lee that he, too, will adopt the new salary from 21 May.
Singapore ministers are among the highest paid in the world.
Their salaries are currently pegged to two—thirds of the median salary of the top eight earners in six professions in the private sector.
[should peg to China ministers' salaries & ASEAN PEER ministers' salaries ? ? ? ?]
At the swearing—in ceremony for the new Cabinet on Saturday, Prime Minister Lee said that " politics is not a job or a career promotion" but " a calling to serve the larger good of Singapore" . He noted that Singaporeans have genuine concerns over the present ministerial salaries.
" Hence I am appointing a committee to review the basis and level of political salaries. The committee will be chaired by Mr Gerard Ee, Chairman of Changi General Hospital and Chairman of NKF," he said.
" The inclination, obviously, once the PM says to reflect the ethos and values of the political appointments, you can expect that in all probability it would be a cut," said Mr Ee on Sunday.
Together with Mr Ee, the committee will have eight members from the private sector, labour movement and social sector.
[These should be ELECTED by the citizens ? ? ? ?]
The seven other members are:
Mr John De Payva, president of the National Trades Union Congress
Ms Fang Ai Lian, chairman of the Charity Council and chairman of Methodist Girls’ School Board of Management
Mr Stephen Lee Ching Yen, president of Singapore National Employers Federation
Mr Po’ad Shaik Abu Bakar Mattar, a member of the Council of Presidential Advisers and a member of the Public Service Commission
Mr George Quek, founder and chairman of Breadtalk Group Ltd, vice—president of Teochew Poit Ip Huay Kuan, chairman of Xinmin Secondary School Advisory Committee
Mr Lucien Wong, managing partner of Allen & Gledhill LLP and chairman of Maritime and Port Authority and
Mr Wong Ngit Liong, chairman of the National University of Singapore Board of Trustees and chairman & CEO of Venture Corporation Limited.
[Lack of grassroot representation ? ? ? ?]
— CNA/ir
it is not about election ? ? ? ?
it is about citizens' WELLBEING ? ? ? ?
it is about overpaying and under performing ? ? ? ?
it is about according dignity to Senior Citizens ? ? ? ?
tanglinboy ( Date: 22-May-2011 15:59) Posted:
| Election is already over. Let's move on.
|
|
Looks like more difficult to attract private personnels to join politics. Colud be a blessing in disguise and also their pay is very very much higher than civil servants. MBT and RL are both from the private co. Their brains are basically thinking of profits, not suitable for social causes.
