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About half of fresh graduates polled here are unemployed. If you are a male fresh graduate affected by the recession, you should consider joining the Singapore Armed Forces.As reported in ST today, a lieutenant-colonel retiring at age 45 (the current retirement age) will get about $700,000 in gratuity. Such lump sum payments make it ...
A reader alerted me to this: Berita Harian reported today that since 2005 a total of 1,350 HDB flats have been “returned” due to “problems meeting payments.”(As I do not understand Behasa Melayu, the above words in quotes are taken from Google Translate. Please let me know immediately if the translation is completely wrong.)The ...
Banks use the Debt Service Ratio to assess your creditworthiness. Defined as the monthly loan installment amount divided by your gross monthly income, your DSR typically has to be somewhere in the 35% to 40% region for banks to be happy to grant you that mortgage. (See also past article on second home loan.)However, ...
In its steepest decline since its inception in 1975, the URA property price index plunged a hefty 14.1% in Q1 this year.The URA property index tracks private home prices in Singapore.The apparent recovery triggered by the strong sales of Alexis and Caspian condominiums in February was just a mirage.As predicted by Salary.sg in October ...
In its steepest decline since its inception in 1975, the URA property price index plunged a hefty 14.1% in Q1 this year.The URA property index tracks private home prices in Singapore.The apparent recovery triggered by the strong sales of Alexis and Caspian condominiums in February was just a mirage.As predicted by Salary.sg in October ...
The mainstream media is apparently telling us that business degrees are no longer in demand. Instead, we are told a law degree can command a salary as high as $8,500 while arts and science courses are getting popular now.On the front page of yesterday’s Business Times printed edition:“Trainee lawyer bags $8,500 monthly payForeign law ...
In the graduate employment survey conducted by Salary.sg, 45% of the respondents indicated that they are without jobs.In this jobless group, 60% are actively looking for a job, while the remaining are not.The poll was conducted over about 10 days with a better-than-expected 439 responses.As for the 55% (or so) with jobs, the median ...
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 ...
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 ...
I quite agree with what Dennis Ng wrote for Sunday Times yesterday.“… estimate at which stage of the market cycle we are in… identify the major trend direction… position ourselves accordingly… “What he’s saying is to estimate the market upturn and buy. He then gave an example: DBS hovered between $8 and $10 for ...
To taxpayers with kids: Do you know that the Qualifying Child Relief has been doubled to $4,000 this year? The Working Mother Child Relief has also been significantly increased - it’s tripled for the first child!More importantly, do you know what’s the best way to split the QCR? As stated in the IRAS web ...
Time to file tax again. This is the Income Tax Calculator for Year of Assessment 2009.Just enter your chargeable income (i.e. assessable income minus all applicable reliefs):Like last year …
Heard it on radio news again today. Mr Teo Ho Pin, who’s mayor of Northwest CDC, did not deny the Internet rumours that 2 staff from Northwest CDC received 8 months bonus.The news al …
It’s a rhetorical question.In his highly anticipated annual letter to shareholders of Berkshire Hathaway, the legendary investor Warren Buffett said the following, clearly accepting blame for the lacklustre performance of his investment firm:“During 2008 I did some dumb things in investments,… I made some errors of omission, sucking my thumb when new facts …
… 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 ...
If you have the good fortune of remaining unscathed by the recession, perhaps you should turn aggressive and try to take advantage of it instead.First, make sure you have set aside enough money to cover 1 year’s worth of your family expenses, just in case.Then invest the rest. Take advantage of the recession.Now is ...
A popular career move during economic downturns is to go back to school. If you’re shopping around for a good MBA school, consider BusinessWeek’s recently published rankings of U.S. and international business schools (published every other year):Best International Business SchoolsQueen’s University, CanadaIE Business School, SpainINSEAD, France (with …
Did you notice from the newspaper reports and MOM data that our latest residential unemployment rate is 3.7%, which in my opinion is significantly higher than the overall unemployment rate at 2.6%?If fact, if you study the MOM data, it has always been higher.Why is this the case?The only reason I can think of ...
In a rather critical article, the Wall Street Journal says our export-driven economy is “falling on its face” and the growth model which our government has embarked on “needs rethinking.”The main criticisms seem to be our low consumption, the government’s risky bets on certain industries, and our over-reliance on the …
Want to know how your family’s combined income stack up against other families?Use the following form to compare your household income:The above tool is based on info recently released by Singapore Department of Statistics.You may also find these other Salary.sg tools useful:Benchmark your annual payBenchmark your pay by age and genderReference: Key Household Income ...
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