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SM Goh is encouraging high-income Singaporeans to donate at least 0.5% of their income to charities, as reported in today’s Straits Times.
He defines high-income as making $7,000 or more every month. The ST article also mentions that the top 10% of income earners made $5,625 or more in 2004 based on Manpower Ministry data.
Business Times reported today that there have been signs of strong hiring in certain high-growth sectors.
Among the industry sectors cited are: financial services (i.e. banking and finance), engineering and technical, call centres, life sciences, and healthcare.
The BT report is based on information from Kelly Services’ Singapore Salary Guide 2007, which provided minimum and maximum salary data for various positions in 9 sectors.
According to the Kelly report, a senior secretary in the Banking and Finance sector commands up to $6,000 in monthly pay, a forex dealer $5,000, securities dealer $6,000, accountant $6,500, and finance manager $8,500.
In the Call Centre sector, a call centre head gets up to $10,000 per month, while a team leader $6,000.
In the Engineering and Technical sector, an engineering director/manager with more than 10 years of experience can expect a maxium of $15,000, a procurement manager $12,000, a lead engineer $8,000, a program manager $8,000, and a project manager $7,000. Apparently, these numbers apply to people working for MNCs.
In the Healthcare and Life Sciences sector, a regional director commands $15,000, while a laboratory manager takes in $7,000.
A HR manager with 6 to 10 years of experience can expect up to $8,000.
For the Information Technology sector, an IT manager with 5 to 10 years of experience and a project manager with 4 years of experience can command up to $10,000 per month. A pre-sales consultant and sales manager can take home $8,000 and $10,000 respectively, before commissions.
Do these numbers seem a little inflated?
Business Times reported today that the number of taxpaying millionaires has increased to 1,738. It was just 1,481 in 2004.
According to the latest IRAS Annual Report, there were 1,724 resident taxpayers with assessed income of more than $1,000,000. Non-resident taxpayers in the same income group numbered 14.
The number of taxpayers who reported income in the range of $500,001 to $1,000,000 is 4,726. These are the so-called “half millionaires”.
The Annual Report released this year (2006) reports on taxes collected in 2006, which means the information in the report is pertaining to the Year of Assessment (YA) 2005.
The current chairman of the Singapore Medical Association (SMA) contributed an article to today’s Straits Times.
The gist of Dr Wong Chiang Yin’s article is that heartlanders, i.e. those who stay in HDB flats, are under-represented in the medical profession.
While 80% of all Singaporeans stay in HDB apartments, only about 45% to 50% of doctors live [...]
Ministry of Manpower has released the latest Report on Wages in Singapore 2005. It’s a compilation of surveyed data collected in 2005, and released this year (2006).
Notably, the jobs with the top median starting salaries are: advocate and solicitor ($3,800), semi-conductor engineer ($3,595), financial analyst ($3,167), electronic engineer ($2,850), and aeronautical engineer ($2,600).
Based on the same [...]
CPF Board sent out a news release today on CPF changes announced by the government last year.
First, the Medisave Contribution Ceiling (MCC) will be raised from $32,500 to $33,000 with effect from 1 July 2006. This means that your Medisave account can hold a maximum of $33,000. Any excess will be channelled out (see next [...]
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