Friday, 23 March, 2012

Diary of A Singaporean Mind: Singapore : A country of Extremes

I have not been blogging recently. I had been listening and watching all this while the Budget debates etc recovery actions by our GOVT since GE 2010. This article is something I had been waiting for all this while and would have wish to have written it personally.

Diary of A Singaporean Mind: Singapore : A country of Extremes - By Lucky Tan

Sunday, 19 February, 2012

Diary of A Singaporean Mind: Budget Tweaks : Small fixes for big problems....

I like this article by Lucky Tan about the CPF reinstatement, a topic I had followed for many years including writing to the press then that it was all wrong...It shows how "cock-up" PAP policies really are ... nice read.
Diary of A Singaporean Mind: Budget Tweaks : Small fixes for big problems....

Wednesday, 4 January, 2012

A Great "Ponding" Shot

I happened to drop by Republic Polytechnic (one of my past projects) to deliver some documents today and took this shot. It will certainly make a great "PONDING" shot of the New Year 2012. Wish them a "Great Open House 2012" from 5 Jan 2012.
The Pond at Republic Polytechnic
 

TODAYonline | Singapore | 'Substantial cuts' to political appointment holders' salaries proposed

TODAYonline Singapore 'Substantial cuts' to political appointment holders' salaries proposed

The committee had decided to benchmark an entry-level minister's salary to the median income of the top 1,000 earners, who are Singapore citizens, with a 40 per cent discount to signify the ethos and sacrifice of political service.

Based on 2011 income data from the Inland Revenue Authority of Singapore, the new benchmark figure is S$1.1 million.

The suggested salary formula features fixed and variable pay components that are linked to performance and national outcomes. The formula is as such:Annual salary (20 months) = fixed component (13 months) + annual variable component (usually 1 month) + individual performance bonus (3 months for good performers) +national bonus (3 months if targets are met).

This means that an entry-level minister, whose annual salary is S$1.1 million (20 months), will draw a fixed salary of S$715,000. The remainder is variable.