Ministerial Salary Review
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according to Mr Brown, this was showing on Ch8 as there was a debate going on..
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Originally posted by the Bear:
according to Mr Brown, this was showing on Ch8 as there was a debate going on..
what's the show about?
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Originally posted by dragg:
those who defended her make no sense.
are we underpaying them? their salaries even after the proposed cut are still the highest in the world.
is that being unfair to them?
their so-called loss of privacy is a small price to pay for the type of salary they are getting.
please resign if you are so miserable. i am sure after quitting temasek will offer you a ceo post at one of the govt owned listed companies.
They are not the only ones in the public service, entertainers, and other politicians in other countries alike are facing same.
If want kpkb quit la, this will make us all very happy.
Want so much salary but cannot be efficient and committed to take care of people. sucking money out of people is NUMBER 1.
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Originally posted by Honeybunz:
what's the show about?
dunno.. but the title = Double Bonus
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http://sg.finance.yahoo.com/news/Highest-Paid-Asian-Leaders-cnbcwp-1335402347.html
Highest-Paid Asian Leaders
, On Thursday 5 January 2012, 17:23 SGT
Multi-billion dollar corruption in India and a whopping 36 percent cut in the salary for Singapore's Prime Minister have once again raised the question: how much should politicians be paid?
We've tallied up a list of Asia Pacific's highest paid politicians based on figures from a number of publicly available sources including The Economist.
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Some of Asia's fastest growing and largest economies, such as India and China, have the lowest salaries for their leaders.
India's Prime Minister Manmohan Singh for example takes in just $36,200 per year, according to the AFP.
Click here to see the original slideshow from CNBC.com.
8. Susilo Bambang Yudhoyono, President of Indonesia
Annual Salary: $124,000President Yudhoyono, the leader behind Indonesia's newfound status as Asia's "economic golden child", pulls in $124,000 a year.
This sum amounts to over 25 times the country's GDP per capita, according to The Economist. The leader is working on narrowing the wealth gap in the country by raising the salary of civil servants by 10 percent in 2011.
The former army general is credited with initiating a crackdown on corruption.
7. Lee Myung-bak, President of South Korea
Annual Salary: $162,000Keeping tensions under control on the Korea peninsula is no easy task.
Lee Myung-bak's annual salary which is set to rise to $162,000 this year, according to the Chosun Ilbo newspaper, from $156,000 in 2011, puts him at 7th place amongst Asia's top paid politicians.
However, Mr. Lee clearly isn't in the job for the money. Shortly after he was elected president, the former CEO of Hyundai Construction & Engineering pledged to donate his full salary to the underprivileged during his five-year term.
He was said to be the richest presidential candidate in South Korea's last election, with personal wealth exceeding 35.3 billion won or $31 million.
6. Ma Ying-jeou, President of Taiwan
Annual Salary: $184,000Taiwan's President Ma Ying-jeou rakes in a salary of $184,000 per year.
The Hong Kong-born, U.S.-educated lawyer has played an instrumental role in improving cross-strait relations.
Ma has raised the country's permit quota for Chinese tourists, eased restrictions on Taiwanese investment in China and approved measures to open Taiwan's equity markets to mainland investors.
5. John Key, Prime Minister of New Zealand
Annual Salary: $310,000Fifth on the list is the Prime Minister of New Zealand, John Key.
He takes home an annual salary of around $310,000, according to the Wall Street Journal. Impressive for some, but probably not for Mr Key.
Prior to politics, the Kiwi PM amassed a personal fortune of around $40 million, working as a foreign exchange trader with Merrill Lynch, where he earned as much as $2.25 million per annum.
He is now New Zealand's wealthiest Member of Parliament and one of the region's wealthiest leaders.
4. Yoshihiko Noda, Prime Minister of Japan
Annual Salary: $316,000Japan's Yoshihiko Noda makes an annual salary of $316,000, according to The Asahi Shimbun newspaper. If you add in the regional allowance of 18 percent, he makes around $384,000 per year.
The rising strength of the Japanese yen has helped boost his earnings in dollar terms.
To put the number into perspective though, it's a mere fraction of the $10.7 million earned by the CEO of Nissan in 2010.
Still, with 6 prime ministers in 5 years, the Japanese leader might not be expecting to be on that salary for very long.
3. Julia Gillard, Prime Minister of Australia
Annual Salary: $495,000Australian Prime Minister Julia Gillard just got a significant 31 percent pay hike, taking her salary to $355,000 per year.
The Prime Minister however may have reason to cry poor because shadow ministers are getting pay hikes of 64 percent, according to the Sydney Morning Herald.
But with retirement perks including a fully staffed office, unlimited free first class travel and a permanent driver for the rest of her life, the Prime Minister might not complain just now.
2. Donald Tsang, Chief Executive, Hong Kong
Annual Salary: $550,000The salary of the Chief Executive of Hong Kong would probably be causing a few eyes to roll in Beijing.
Donald Tsang earns around $550,000 a year, according to Reuters. That's roughly 30 times the size of the $18,000 salary earned by Chinese President Hu Jintao.
But the perks of the job haven't come easily for Mr Tsang. He's been working in Hong Kong's public sector since 1967 and some might say no amount of money would be enough to compensate for that.
1. Lee Hsien Loong, Prime Minister, Singapore
Annual Salary: $1.65 millionThe Prime Minister of Singapore just took a salary cut of a whopping 36 percent, but he still makes a basic salary of $1.65 million (S$2.2 million).
That makes him far and away the highest paid politician anywhere in the world.
His salary is still 4 times the salary of President Barack Obama, who reportedly makes around $400,000 a year.
But it's not just the Prime Minister in Singapore earning big bucks. The Singapore President, who just had his salary cut by 51 percent, will make $1.2 million a year and new ministers will get salaries of $840,000 after the pay cut.
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I notice someone has the happiest smile and I don't see why not. hahah
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His pay puts the even the 2nd candidate to shame
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"Hmmm, siao liao la... heard got paycut..."
"Hahahahaha~ tio paycut still got S$1.6m~"
"Beat that, Donald Duck~ chiu only 550k~~~
"
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Originally posted by ^Acid^ aka s|aO^eH~:
"Hmmm, siao liao la... heard got paycut..."
"Hahahahaha~ tio paycut still got S$1.6m~"
"Beat that, Donald Duck~ chiu only 550k~~~
"Some one sibeh fwee.. HAhaha
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imho, I think minister pay is much more lucrative than private sector pay.
So much money for zero accountability.
In the private sector, maybe you might get slightly more money but any little mistake will cost you.
As a minister, you can create chaos in country's transportation, housing, medical services and nothing will happen to you.
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Even if anything can happen, it will be after 5 years (provided u in the correct party).
Then again.. are there ministers from other parties?
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http://sg.news.yahoo.com/minister%E2%80%99s-comments-on-pay-cuts-spark-public-debate.html
My goodness, 2500 over comments.
Looks like the public is not too happy with this and the minister salary issue.
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How many people would drool for a small fraction of a million dollar salary?
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Originally posted by charlize:
imho, I think minister pay is much more lucrative than private sector pay.
So much money for zero accountability.
In the private sector, maybe you might get slightly more money but any little mistake will cost you.
As a minister, you can create chaos in country's transportation, housing, medical services and nothing will happen to you.
They have the best jobs in the world. Highest paid and possess the authority , power to control all people in the country. Corporate professionals only can control people within the organisations. Plus the facts the PAP ministers enjoy better perks than those in the corporate world.
When there are problems just play with words to conclude flood is pond, ask people to be patient and so on. Give some unreasonable comments later cover own arses to point fingers to say people misunderstand them. And majority of the goons in Singapore still continue to give them the chance.
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Originally posted by Honeybunz:
I notice someone has the happiest smile and I don't see why not. hahah
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more than double of the 2nd place
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Originally posted by charlize:
If you pay me half the amount I would be laughing all the way to the bank too.
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"But it's not just the Prime Minister in Singapore earning big bucks. The Singapore President, who just had his salary cut by 51 percent, will make $1.2 million a year and new ministers will get salaries of $840,000 after the pay cut."
I think those ministers getting $840,000 will leave for the corporate world, where they can easily get more than a few mils. $840,000 is really peanuts to them. But it is alot for new monkeys.
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Originally posted by mancha:
"But it's not just the Prime Minister in Singapore earning big bucks. The Singapore President, who just had his salary cut by 51 percent, will make $1.2 million a year and new ministers will get salaries of $840,000 after the pay cut."
I think those ministers getting $840,000 will leave for the corporate world, where they can easily get more than a few mils. $840,000 is really peanuts to them. But it is alot for new monkeys.
Take out the 3 zeroes behind $840,000 and it would still be more than what many workers are now getting.
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Originally posted by mancha:
"But it's not just the Prime Minister in Singapore earning big bucks. The Singapore President, who just had his salary cut by 51 percent, will make $1.2 million a year and new ministers will get salaries of $840,000 after the pay cut."
I think those ministers getting $840,000 will leave for the corporate world, where they can easily get more than a few mils. $840,000 is really peanuts to them. But it is alot for new monkeys.
aiya go lor.we no need people like this anyway if they think they can really earn big bucks in corporate world. I wanna see them try
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They very chaam.
Lose dignity, drop in standard of living.
Haiz.
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They will go, but they will not say it is the salary, they will say it is for personal reflection or something.
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Originally posted by mancha:
They will go, but they will not say it is the salary, they will say it is for personal reflection or something.
"Personal reasons"
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No loss to Singapore.
