firec 
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As property market heats up again, you may be interested in buying a new home and taking up a Sibor-pegged property loan.Do you know that the 3-month SIBOR rate shot up to an astonishing 9.5% in early 1998?Or that it went to a low of 0.56% in mid-2003?The following chart shows the interesting history ...
Following the previous post on degree holders’ income, we now look at the income of diploma holders.The following are the numbers for diploma holders, also from the same MOM report on the labour force:Median Gross Monthly Income for Diploma HoldersAge group 25-29: $2,170 (males $2,170)Age group 30-39: $3,060 (males $3,250)Age group 40-49: $4,000 (males ...
Here’s the latest salary benchmark tool that we’ve all been waiting for.It uses the data from Ministry of Manpower’s Report on Labour Force in Singapore 2007, which is just released about 1 month back.Because “gross monthly income” in the MOM report includes bonuses, you should take your annual income and divide by 12 to ...
Don’t be fooled by those “get rich” seminars, says a Sunday Times article today (as I interpreted it).Flip open the papers, and you’ll see some advertisements on “How to make lots of money doing XYZ“, where XYZ can be “options trading”, “forex trading”, or “shares trading”.As some will say, the only …
The Big 4 accounting firms in Singapore - Deloitte, Ernst and Young, KPMG and PricewaterhouseCoopers - have all raised the starting pay of fresh entrants.This is reported in today’s Straits Times.But auditor upstarts with the Big 4 still get low starting salaries of $2,400 to $2,600 per month compared to other industries like banks ...
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We don’t invest all our cash. Most of us keep some cash in a savings account, whether to pay bills or to invest when the opportunity comes. So which bank in Singapore gives us the hi …
PM Lee will get a 36% salary cut and receive an annual pay of $2.2m without pension, down from the previous pay package of $3.07m + pension. This is the recommendation given in the Committee to Review Ministerial Salaries Report. The ministerial pay review took more than 7 months to complete. PM Lee’s new base ...
MND and IRAS have just announced an Additional Buyer’s Stamp Duty (ABSD) for all private properties – including condominiums, private apartments and landed property – bought from 8 Dec 2011. This ABSD is levied “over and above” the existing Buyer’s Stamp Duty. For foreigners and corporate entities, the ABSD is 10% of the property price ...
MOF sent out a press release to remind all Singaporeans aged 21 and above to sign up to receive their 2011 Growth Dividend, if they have not already done so. Besides the Growth Dividend, citizens aged 45 and above will also receive their CPF Medisave Top-up. The easiest way to sign up is to do ...
Civil servants will get a year-end bonus of 1.75 months. See the just-released PSD announcement. This includes 0.75 month for the Annual Variable Component (AVC) and 1 month for the Non-Pensionable Annual Allowance (NPAA). The NPAA is also known as the 13th month payment. This 1.75 months’ bonus is awarded in addition to the mid-year ...
Ipoh's Tau Fu Fah!