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Are you a university graduate who’s proud to be one of the top 20% of your cohort? Or were you in the top 10% of the PSLE cohort offered to take Higher Mother Tongue Language*? Or maybe you were invited to join the Gifted Education Programme, which means you’re in the top 1%? Gasp. But [...]
I have updated the very popular Salary.sg income comparison calculator. The previous version of this calculator uses data from Iras 2005/2006 Annual Report. Now that Iras has released its 2006/2007 Annual Report, it is time that I refresh my little tool. With this tool, you can see how you stack up against the competition in [...]
If you’re about to buy an apartment, bad luck. URA has just announced that the government has withdrawn the Deferred Payment Scheme with immediate effect. The Deferred Payment Scheme is a form of progress payment that allows the property buyer to defer the bulk of the purchase payment to a later date. Although property developers [...]
Read the full article at Property Deferred Payment Scheme WithdrawnExactly 5 months ago, I suggested that a mentor is the way to riches and that luck may play a part. Now we have hard data that luck really plays a part (at least according to a report by trusted names like Capgemini and Merrill Lynch). A high net worth individual is defined as having [...]
Read the full article at How to be rich (part 2)Following its World Wealth Report 2007 released in June (see my post Lots of Millionaires), Capgemini and Merrill Lynch have recently released more details on the typical millionaire in Singapore. In their Asia Pacific Wealth Report 2007, they repeated the old information: Singapore has 67,000 High Net Worth Individuals (HNWI) Singapore has the fastest growing [...]
Read the full article at Typical MillionaireDefence Minister Teo Chee Hean spoke on the topic of higher education versus entrepreneurship at the Entrepreneur of the Year 2007 Award Presentation Ceremony a few days ago. He asked “Will providing more places in higher education mean less entrepreneurship?” We all know it’s a tough one to answer, but anecdotal evidence suggests that the [...]
Read the full article at Fewer EntrepreneursThere is a job notice in www.eFinancialCareers.sg that offers a $100k per annum salary for an Assistant Private Banker position. The job scope entails providing administrative and sales support. In other words, the successful applicant will just in effect be a secretary of a private banker. Not much work, I suppose? I’m beginning to doubt [...]
Read the full article at 100k for Assistant Private BankerSo you’re thinking of getting an MBA, which is arguably a ticket to faster career advancement. What Business Times reported 2 days ago may interest you: According to a report by Economist Intelligence Unit, NTU’s Nanyang Business School “has the best MBA programme in Singapore.” But behind the nice wordings is the sad fact that [...]
Read the full article at Best MBA ProgrammeFrom 2000 to 2005, Looi San Cheng made $1.05 million in profits from his curry puff business. But this star hawker-businessman, who was lauded by PM Lee no less at last year’s National Day Rally, made a wrong move by evading tax. He under declared his income by more than $1 million over the 6 [...]
Read the full article at Millionaire HawkersIn a bid to attract more people to switch to teaching, the Ministry of Education has announced concrete HR policy enhancements in terms of remuneration and career advancement for mid-career teachers. According to MOE’s press release, about 22% of all teachers have more than 1 year of non-teaching work experience before becoming teachers. Kudos to [...]
Read the full article at Higher Pay for Mid-Career Teachers
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