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A friend of mine works in an MNC. He commented recently that Singapore citizens are a rare breed at his workplace. In his extended team of about 30, there are Indians, British, Asian Americans and Malaysian Chinese, but only 2 Singaporeans. And one of the 2 is a contract worker!This is not only limited to ...
Non-specialist doctors who join medical groups as general practitioners earn a starting pay of $10k/mth, with a 13th-month bonus thrown in. In other words, these salaried medical professionals make $130k/yr fresh out of training.This is according to an article in yesterday’s Straits Times, which highlighted the trend of young doctors joining medical groups instead of ...
Dr Francis Oen, an eye surgeon, is featured in the Invest column in today’s Sunday Times.Having invested money (and lost some) in stocks, property, exchange traded funds (ETFs) and options, I believe it’s fair for me to call him a veteran in investments.So maybe we can learn a thing or two from this veteran.Dr ...
How often of you hear of people getting bonuses of 6 years?Well, a bumper year for Singapore’s economy coupled with a record-breaking property boom gives us this story of unbelievable bonuses.As reported in the Chinese daily (Zaobao) today, people in the property sector are getting fat bonuses of at least 4 months, with the ...
This is a story of how a salaried person (and his wife) managed to accumulate a million dollars in cash over just 10 years.And he did it without playing Toto or 4D, and neither did he dabble in stocks and property.He started his working life in the private sector. During the Asian financial crisis, ...
Credit Bureau Singapore found in a survey that men and divorcees are likely to owe more money on their credit cards, which typically charge an exorbitant 24% pa interest.On average, men owe $216 in overdue credit card balance. The figure is $91 for women.39% of men roll over their balances, while a slightly lower ...
Expatriates working in Singapore are doing well economically. 45% of them are earning an income of more than S$265,000, according to the HSBC Expat Explorer Survey 2010.Note: S$265k = US$200k.According to the survey report, Singapore is ranked 1st by the proportion of expats who make more $200k USD a year. Bermuda is 2nd with 40% ...
This next story is about an engineer and his wife making $500k from a rather low-risk investment.(See previous case study.)The engineer had observed that many wealthy people like to invest in property.These rich people follow a rather simple strategy - buy an apartment or a shop when prices are low, rent it out, and ...
NTU has finally released the results of its graduate employment survey.The average fresh NTU graduate makes $2,700 a month. Channelnewsasia.com says this is higher than both NUS and SMU, but I recall that SMU’s figure is $2,850. See post on SMU graduates starting pay.As for students who studied under the NTU Global Immersion Programme, their ...
A good education is arguably a necessary condition for good employability and even a good salary, so:Good Education ≈ Good Salary.… which is why parents are so uptight about getting …
There are more and more wealthy people in Singapore.The number of High Net Worth Individuals (HNWIs) increased by 32.7% to 81,600 according to the latest Asia-Pacific Wealth Report 2010 by …
As a salaried worker, you may want to “maximize” your off days but “minimizing” the days of leave to take.What you can do is to apply leave on certain “strate …
Based on figures in the latest Iras 2007/2008 annual report, I have updated the popular Salary.sg income comparison tool (see previous version).Simply enter your annual salary for YA2008 and see how you rank against all resident taxpayers in Singapore:The following is the graph for both YA2008 data (red) and YA2007 dat (blue). It is ...
The number of High Net Worth Individuals (HNWIs) in Singapore has increased by 15.3%, according to The World Wealth Report 2008 (link) recently released by Merrill Lynch and Capgemini.I note that our rate of increase has slowed. It was a record-breaking 21.2% last year. See my post last year.Nonetheless, at 15.3%, we’re placed at ...
If you believe the annual graduate employment survey reports (I don’t quite), here are the rankings for the class of 2008:Permanent Employment RateNTU Arts (with Education) - 100%NTU Maritime Studies - 100%NTU Science (with Education) - 100%NUS Dental Surgery - 100%NUS Information Systems - 100%SMU Information Systems Management (cum laude and above) - 100%SMU ...
The number of private home transactions fell 40% from Q4 2007 to Q1 2008.Yes, 40%.But despite this, the papers chose to use less scary headlines like “HDB upgraders driving force for property market” and “HDB upgraders hold key to property market turnaround”.DTZ property consultancy found that the number of HDB upgraders fell by 25.8%, ...
The average net worth in Singapore is US$255,488 per adult, according to the just-released and inaugural Credit Suisse Global Wealth Report 2010. In Singapore dollar terms, this is S$335k …
The ever pertinent question: What is the median salary of working Singaporeans?Based on info in the just released Singapore Workforce, 2008 report from the Manpower Ministry, the median gross monthly income of full-time employed residents is $2,590.Not very high. But it’s already an 11% increase from last year, according to the MOM report.What about ...
While the Stratis Times chose the headline “Nearly half of PSC awards to heartlanders” (ST, July 26, 2008), I prefer highlight the still rather big and obvious gap when you compare the proportion of heartlander scholarship holders (47.0%) to the proportion of the general heartlander population (77.8%).As mentioned in a previous Salary.sg post, 77.8% ...
These are the public holidays in 2008:January 1 (Tue) - New Year’s DayFebruary 7 & 8 (Thu & Fri) - Chinese New YearMarch 21 (Fri) - Good FridayMay 1 (Thu) - Labour DayMay 19 (Mon) - Vesak DayAugust 9 (Sat) - National DayOctober 1 (Wed) - Hari Raya AidilfitriOctober 28 (Tue) - Deepavali (date ...
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