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If you believe the annual graduate employment survey reports (I don’t quite), here are the rankings for the class of 2008: Permanent Employment Rate NTU 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 [...]
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 [...]
The resident unemployment rate stood at 3.3% last September, according to MOM’s press release. With 65,400 residents unemployed, the jobless rate is the highest since the 3.8% registered in March last year. It seems MOM is still compiling the statistics for the fourth quarter – why is it taking so long when Hong Kong and [...]
Read the full article at 65,400 Jobless in September, will be Significantly MoreThe 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, [...]
Read the full article at All signs point to Major Retrenchments, yet Permanent Secretary Flaunts WealthSome wise words from Richard Hartung, a former banker who wrote a piece for Weekend Today. The following is (apparently) only available in the printed edition of this weekend’s Today: “The market will reprice itself… A boom tends to over-reward everybody as young executives rush in to become investment bankers, private bankers, property agents, stockbrokers, [...]
Read the full article at A lot of humility will returnJust months ago, Bear Stearns, Lehman Brothers and Merrill Lynch were considered to be among the top 5 investment banks. They were the so-called bulge bracket firms – the premiere league players, the Ferraris, the LVs… They are now all gone. Bear was acquired by JP Morgan Chase for just US$10 a share in May [...]
Read the full article at Fall of the Investment Banking Giants(9 August 2009 – See the 2009 edition of this list.) 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 [...]
Read the full article at Best-Paying Jobs in Singapore (2008)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,” [...]
Read the full article at Credit Card Promoter Makes 20k to 30k a MonthBernard 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 [...]
Read the full article at Dentist Makes $13k (at least)As a salaried worker, you may want to “maximize” your off days but “minimize” the days of leave to take. What you can do is to apply leave on certain “strategic” days that are near weekends and public holidays. As recommended by Sunday Times last week, these are the strategic days to apply leave: February [...]
Read the full article at Best Days to Apply Leave in 2008
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