Sort By:
This will be a fair comparison of how good a wealth accumulator you are. Rather than comparing the dollar amount of your net worth, we will stack you up against others in terms of your net worth over income.If a person makes $100k/year and has $500k in net worth, he’s definitely a much better ...
Bernard Siew works for a cosmetic dentistry chain and collects a pay check of at least$13,000.An Australian working in Singapore, he revealed in the Sunday Times Me & My Money column that he tries to save “as much as half my income”.The other half is for expenses that include rental, food and transport. He ...
Another generous reader shares his/her story at http://www.salary.sg/2008/engineering-and-technology-careers-are-not-valued-singapore-is-high-cost-low-tech/#comment-2257“I knew engineering was a dead end, so I immersed myself into sales… companies reward mostly the ones who bring in the cash”Are we now convinced that Singapore is high cost low tech, …
Household incomes have risen across the board, recovering from the dips seen last year. This is according to the latest Household Income & Expenditure data released by the Singapore Department of Statistics.Households in the highest decile – the 91st to 100th percentiles – earn an average of $23,684 per month.To compare your household with the ...
This is the 2010 edition of our very popular list of 100 best-paying jobs in Singapore.As with previous editions, this list is based on income data from the recently released MOM Report on Wages in Singapore 2009.MOM uses actual CPF data, but only the base monthly wage data are published. This means bonuses and shared ...
He completed an Executive MBA programme at one of the world’s most prestigious business schools - University of Chicago GSB.Though he did it part-time and in the Singapore campus (I …
In the news recently is a 31-year-old trader who singlehandedly lost about $10 billion for his company.Yes, you heard it right - it’s ten billion dollars. That is: 1 followed by 10 zeros.His name is Jerome Kerviel, and he works as a junior trader for the French bank Societe Generale.What is interesting is ...
This is the 2008 edition of my annual list of the top 100 jobs in terms of pay (see last year’s edition).This list is compiled based on data from MOM Occupational Wages Survey, which is published as part of the Report on Wages in Singapore 2007.As with previous years, the MOM survey do not ...
Civil servants are to receive half a month of bonus for mid-2008, plus the following:“Officers in the lower divisions, Division III and IV, will receive $250 and $300 respectively. Division I and II officers will receive $100.”The higher payouts for the lower ranked civil service officers, compared to the higher ranks and also compared ...
If you die without a will, your estate (or assets) will be distributed according to the Intestate Succession Act (link).The Sunday Times today summarized how the Intestate Succession Act works, simplifying it into 4 steps.There are in fact nine “rules” in the act, which I hereby simplify (caution: check with your lawyer to be ...
Which are the industries that pay the highest monthly salaries?In this post, we’ll look specifically at the industries that has the highest proportion of employees making $10k or more in monthly income.The results are derived from recently released data from MOM.At number 1, we have “Financial & Insurance Services”. A whopping 17.3% of employed ...
Civil servants are set to receive a bonus of half a month and a cash quantum of $300 in July.This is considered good news, compared to just 6 months ago when public servants received a pittance as year end bonus. The Public Service Division explained that the Singapore economy, which grew by 15.5% in Q1, ...
In the Business Times about 2 weeks ago was a report from HRBS Solutions comparing the income of Singapore managers working locally and their counterparts working abroad.What’s informative in the BT article are the numbers.The article lists the “annual fixed cash + perks” of the various levels of managers working in Singapore:Manager - US$77,141Senior ...
The writings are already on the wall. Today newspaper reported a fortnight ago that retrenchments will “go up” after Chinese New Year.In TV news just now, it’s said again that there will be more retrenchments toward the end of this month, with more cuts targeted at white collar workers in the manufacturing sector.Yet, our ...
In the Sunday Times cover story, it is mentioned that a credit card promoter made $20,000 to $30,000 a month.And that was in 2003, when the economy wasn’t so good and SARS (remember?) plagued the country. And she was only a 24-year-old business graduate at that time.“I thought making money was so easy,” she ...
Among news like a monk and an infidel GP doctor making six-figure income, there’s an interesting piece in ST two days ago - ex-top civil servant Ngiam Tong Dow worries that Singapore is becoming “high cost, low tech”.“The United States has overtaken Britain because while some of their best went to Wall Street, their ...
The latest figures from URA indicate that in spite of the low number of transactions, property prices continued to rise in the first quarter of this year.
In addition to the already-paid-out Annual Variable Component (AVC) of half a month + $220 in July (see this), civil servants are set to 2 more months of bonus at year end.As announced by the Public Service Division (PSD), all civil servants are set to receive a year-end AVC of 1 month and ...
… by running his motivation business and investing in shares and properties.The founder of Adam Khoo Learning Technologies Group, which conducts personal development courses for children (and adults too), has invested in 2 condos (sold off 1) and stays in a 5,000 sq ft semi-detached house in East Coast.His company has an annual turnover ...
I have spoken to a number of fresh graduates. What they told me about the employment situation is disturbing.The recent graduate employment surveys simply do not reflect the sad state of affairs.And being flexible about salary doesn’t really seem to help.If you graduated late last year, or are about to graduate in a couple ...
…