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President salary is 4.2 million, after 60% pay cut -- still huat arhhh. 1.68 million.

President salary is 4.2 million, after 70% pay cut -- still huat arhhh. 1.26 million.

PM Lee carry wealth and prosperity, flourishing, thriving, success, and good fortune, salary for PM should rise for carry this and such a huge the weighing machine, making sure this huge family and everyone prosperous.

DPM salary should be 20% less than PM, while heavy ministry, their salary should be 1.68million plus plus and those less than heavy weight offical holders, their salary should not be more then1.26 million.

Junior ministry and those in Senior MOS, their salary should package and comparable worthy to median civil wage, be in range 250k to less than a million.

MPs (part-time or full-time) should be determine..by hourly rated for part-timers and full-timer should be not more then 200k, quite comparable to charity CEO.

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http://www.singstat.gov.sg/stats/themes/economy/hist/gdp.html

Time Series on Per Capita GDP at Current Market Prices

Download (21kb)
Year	S$	US$
1960	1,310	428
1961	1,374	449
1962	1,445	472
1963	1,564	511
1964	1,486	485
1965	1,580	516
1966	1,734	566
1967	1,915	626
1968	2,168	708
1969	2,487	812
1970	2,832	925
1971	3,278	1,075
1972	3,855	1,371
1973	4,737	1,928
1974	5,749	2,359
1975	6,065	2,558
1976	6,536	2,645
1977	7,022	2,879
1978	7,776	3,420
1979	8,852	4,071
1980	10,685	4,990
1981	11,947	5,655
1982	12,786	5,975
1983	14,135	6,689
1984	15,182	7,117
1985	14,847	6,748
1986	14,922	6,853
1987	16,357	7,767
1988	18,722	9,303
1989	20,897	10,715
1990	23,101	12,745
1991	24,898	14,412
1992	26,225	16,099
1993	29,489	18,250
1994	32,718	21,421
1995	35,012	24,702
1996	36,562	25,929
1997	38,840	26,158
1998	36,229	21,647
1999	36,342	21,442
2000	40,364	23,414
2001	37,974	21,194
2002	38,865	21,705
2003	40,627	23,319
2004	45,716	27,046
2005	48,939	29,400
2006	52,466	33,020
2007	58,243	38,646
2008	55,369	39,136
2009	53,464	36,758
2010	59,813	43,867

teeth53 ( Date: 23-May-2011 10:50) Posted:

opp sori...

President salary is 4.2 million, after 60% pay cut -- still huat arhhh. 1.68 million.

President salary is 4.2 million, after 70% pay cut -- still huat arhhh. 1.26 million.

teeth53 ( Date: 23-May-2011 10:46) Posted:

This what HR is pay to grad...

Part-time grad...now getting $8/- to $12/- per hour... Rolling Eyes

Full-time grad...getting median pay $3.3k to $4k...
MP pay is 12k..?. (3X to 4X...?) even after salary cut.

President salary is 4.2 million, after 70% pay cut -- still huat arhhh. 1.68 million.

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opp sori...

President salary is 4.2 million, after 60% pay cut -- still huat arhhh. 1.68 million.

President salary is 4.2 million, after 70% pay cut -- still huat arhhh. 1.26 million.

teeth53 ( Date: 23-May-2011 10:46) Posted:

This what HR is pay to grad...

Part-time grad...now getting $8/- to $12/- per hour... Rolling Eyes

Full-time grad...getting median pay $3.3k to $4k...
MP pay is 12k..?. (3X to 4X...?) even after salary cut.

President salary is 4.2 million, after 70% pay cut -- still huat arhhh. 1.68 million.

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This what HR is pay to grad...

Part-time grad...now getting $8/- to $12/- per hour... Rolling Eyes

Full-time grad...getting median pay $3.3k to $4k...
MP pay is 12k..?. (3X to 4X...?) even after salary cut.

President salary is 4.2 million, after 70% pay cut -- still huat arhhh. 1.68 million.

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In my own opionion...so long debt is balance off (debt versus nation reserve), rather then do a trade off, and is managable. Our credit rating is AAA.

Nov 24, 2009 (News) $320b the new limit for SG govt borrowings, The govt will be able to issue more securities like bonds, after Parliament approved raising the limit of its borrowings from $250 billion to $320 billion. (We too is living on debt)

teeth53 thot: Aug 2, US-living on borrow time from debt disaster --

A note for U.S. policy to hang on...U.S. policymakers will raise the level of debt the 75th time....

Defaulting on BOND in unthinkable, it debt now stood at US$14.29 trillion (S$17.6 trillion) a click away which can plunging U.S. into it ever worst finance disaster again.

How many times has the ceiling been raised? Since March 1962, the debt ceiling has been raised 74 times, according to the Congressional Research Service. Ten of those times have occurred since 2001. Expect more of the same over the next decade. Barring major changes to spending and tax policies, " Congress would repeatedly face demands to raise the debt limit," CRS wrote.

What happens if Congress doesn't raise the debt ceiling before Aug. 2? No one knows for sure. But the going assumption is that no good can come of it.

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teeth53 thot: Market direction is still glooming and not doom. More than a year after Greece received a 110 billion euro (S$193 billion) aid package to stem the spread of the regional's sovereign crisis. Greece, the nation's debt is still rising, borrowing cost are near record levels.

Greece as a nation is mulling on risks sovereign default of S$193 billion dollars on it loan.

P.I.G. (Portugal, Ireland and Greece) is shunned by investors as cost to borrowing soar to new record .

Fitch Ratings slashed Greece's credit ratings by three notches to B+, diving deep into the speculative investment range, due to the massive challenges of correcting the country's debt. It rating was based on the expectation that EU and IMF would provide sufficient new bailout aid to Athens that there would be no extension of repayment deadlines on Greek govt bonds.

http://topics.nytimes.com/top/news/international/countriesandterritories/greece/index.html

almost a year after the bailout, the Greek economy continued to sag under 340 billion euros in debt. where one out of three people is employed in the civil service, which until now has guaranteed jobs for life. The shake-up of Greece's public sector represents one of the biggest overhauls of the country's welfare state in a generation.

Demonstrations claimed their first fatalities on May 5, 2010, with three people reported to have died inside a bank building set ablaze by protesters as workers across Greece went on strike.

Greece’s deficit is raised to 10.5% of gross domestic product in 2010, exceeding the 9.6% target set by the government, while public debt swelled to 142.8 percent of G.D.P.

All these factors appeared to feed an emerging view that it makes little economic sense for IMF and Euro Union to keep lending money to Greece so that the govt can pay back private investors at double-digit interest rates -- especially as Greek citizens suffer the effects of a severe austerity program.

teeth53 ( Date: 21-May-2011 11:41) Posted:

http://sg.finance.yahoo.com/q/bc?s=%5ESTI& t=1y& l=on& z=l& q=l& c=

teeth53 thot: STI market will be trading volatile and within range till clearer trade signal appear. Since STI peak above 3,300 in mid Nov 2010, it attempted to force a repeat in early Jan 2011 and in early May, end in failure.

(Reuters) - The big money is calling a halt to the surge in stock prices. http://www.reuters.com/article/2011/05/13/us-usa-stocks-weekahead-idUSTRE74C76320110513

Declines in oil and metals prices are being seen by an increasing number of fund managers and strategists as a signal to get out of riskier areas of the equity market. And that means avoiding things like Chinese IPOs and sticking to the boring stuff, like utilities.

http://www.reuters.com/article/2011/05/13/us-markets-stocks-idUSTRE7481EV20110513

Stocks ended a 2nd wk of losses on Friday, reflecting growing worries stocks are on the precipice of a pullback.

Concern about slowed growth worldwide. QE2 coming end of a supportive Federal Reserve policy and the fear of a worsening euro-zone debt crisis are undermining the stock market's ability to maintain an upward direction.

This sentiment was present not just in stocks but also was reflected in a sharp drop in the euro. Stocks and the euro have been trading in a similar pattern for most of the week and particularly on Friday, when a late-morning drop in stocks coincided with a sharp fall in the euro.

The growing concern is that stocks had priced in an overly optimistic economic path, and the recent breakdown in commodities and shift in equities to safer industries like health care suggest a reckoning in coming months.

SGG_SGG ( Date: 21-May-2011 00:05) Posted:

So much doom and gloom.. how come market still holding instead of falling like there's no tomorrow?

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She is no longer in AMK GRC. Lucky this not happening in our GE 2011, just concluded politics. This only a Ping Pong game.

Just like DPM Tharman said, " let do the right thing for as many Singaporeans as possible for the long term" .

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http://sg.finance.yahoo.com/q/bc?s=%5ESTI& t=1y& l=on& z=l& q=l& c=

teeth53 thot: STI market will be trading volatile and within range till clearer trade signal appear. Since STI peak above 3,300 in mid Nov 2010, it attempted to force a repeat in early Jan 2011 and in early May, end in failure.

(Reuters) - The big money is calling a halt to the surge in stock prices. http://www.reuters.com/article/2011/05/13/us-usa-stocks-weekahead-idUSTRE74C76320110513

Declines in oil and metals prices are being seen by an increasing number of fund managers and strategists as a signal to get out of riskier areas of the equity market. And that means avoiding things like Chinese IPOs and sticking to the boring stuff, like utilities.

http://www.reuters.com/article/2011/05/13/us-markets-stocks-idUSTRE7481EV20110513

Stocks ended a 2nd wk of losses on Friday, reflecting growing worries stocks are on the precipice of a pullback.

Concern about slowed growth worldwide. QE2 coming end of a supportive Federal Reserve policy and the fear of a worsening euro-zone debt crisis are undermining the stock market's ability to maintain an upward direction.

This sentiment was present not just in stocks but also was reflected in a sharp drop in the euro. Stocks and the euro have been trading in a similar pattern for most of the week and particularly on Friday, when a late-morning drop in stocks coincided with a sharp fall in the euro.

The growing concern is that stocks had priced in an overly optimistic economic path, and the recent breakdown in commodities and shift in equities to safer industries like health care suggest a reckoning in coming months.

SGG_SGG ( Date: 21-May-2011 00:05) Posted:

So much doom and gloom.. how come market still holding instead of falling like there's no tomorrow?

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http://www.reuters.com/

http://www.reuters.com/article/2011/05/19/us-poll-qe-idUSTRE74I4S220110519

teeth53 ( Date: 20-May-2011 23:45) Posted:

Just found something to share with....

Poll: Fed QE2 shift will hurt

Stocks, bonds, gold and the euro are expected to fall in the three months after the end of the Fed's quantitative easing, a Reuters poll of analysts and fund managers found. Full Article

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Just found something to share with....

Poll: Fed QE2 shift will hurt

Stocks, bonds, gold and the euro are expected to fall in the three months after the end of the Fed's quantitative easing, a Reuters poll of analysts and fund managers found. Full Article

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Name changed to

Hankore ,formerly known as Bio-treat

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Like in any MNC, most important staffs and key players will not do confirmation till proven, it evolving in probation over many months, if not years in each of their respective job.

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On PM LHL 59, taking in 11 out of 23 new candidates, 9 ministry changes their portfolio, three remain, one promoted to DPM, none other then Finance Ministry Tharman 54 yo, taking on MOM ministry job.

Action, more action liao, it speak louder then word. Look likely DPM Tharman may lead 2016 election charges manifesto and also a possible PM candidate, nearer to year..2020.

Deputy is likely from this most recently new batch of PMs, including Heng Swee kiat 50. Ministry for Education.

http://www.mas.gov.sg/about_us/mgt_structure/Board_and_Management.html

Former Managing Director for Monetary Authority of Singapore (MAS)

Salute ( Date: 15-May-2011 13:25) Posted:

wao, very strong question. for years we were not dare to confront.

ya, it's funny why such a big change.

teeth53 ( Date: 15-May-2011 13:03) Posted:

It is good for WP Chen Show Mao to ask such question, will see how he is going to ask and how is is play out..?.

Answer is briefly (not in details) stated by DPM Teo on ST (Sat) paper. it is better to do homework then anyhow ask ???, think Chen is smarter then anyone can thot so..

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We did that many years back by planting veg and food chains oversea. We also had a net work of rice merchant world wide, only no money - no talk, got money - can buy. we are somewhat lucky been taken care off.

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America's Debt Crisis We will have another crisis...By Penelope Wang @CNNMoney May 17, 2011: 7:37 AM ET

Robert Rodriguez, CEO of the FPA investment house, sees a lot of risks in the markets.

Robert Rodriguez, CEO of the FPA investment house, says there are plenty of risks out there and that investors have not learned the lessons of the past few years.

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On food. Our govt is doing just that by doing us a flavour in securing production food chain offshore, and by setting up Giant, Carrfour, Shop and Save, Cold Storage, Sheng Siong, NTUC fairprice at wholesales and retail price.

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Wait a minute...6m wall?. sirkari U.S. send naval seal how..?

I will LOL lohh.

Salute ( Date: 17-May-2011 21:47) Posted:

don't know how melting and choatic when it arrives. Will our currency be sound, will gold help much at then. will the property prices drop, of course like before the stock market will be 面目全非。 but Ipunter ever said the financial world no matter how will carry on....anyway still scary.

Better save the money and buy half a million dollars house with a plot of lawn instead of the 4 walls HDB flat, so that can self supply food for oneself and build a 6meter vertical wall so that no neighbour will come in and steal it.........

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http://money.cnn.com/2011/05/16/news/economy/debt_ceiling_deadline/index.htm

The tap dance begins: Treasury Secretary Geithner said he can move money around to keep U.S. out of default until Aug. 2.

NY(CNNMoney) -- It's official: The U.S. govt hit the debt ceiling on Monday, Treasury Secretary Timothy Geithner told Congress. He would have to suspend investments in federal retirement funds until Aug. 2 in order to create room for the govt to continue borrowing in the debt markets.

He went on to urge Congress once again to raise the country's legal borrowing limit soon " to protect the full faith and credit of the United States and avoid catastrophic economic consequences for citizens."

Congress, meanwhile, is not showing any signs of budging. Many Republicans and some Democrats say they won't raise it unless Congress and President Obama agree to significant spending cuts and other ways to curb debt. (Social Security and Medicare squeezed)

If lawmakers don't get it together by Aug. 2, the United States will no longer be able to pay its bills in full.

S& P said it did not see Washington agreeing on a plan for its dept before the Nov 2012 presidential election.

Defaulting on BOND in unthinkable, it debt now stood at US$14.29 trillion (S$17.6 trillion) a click away which can plunging U.S. into it ever worst finance disaster again.

How many times has the ceiling been raised? Since March 1962, the debt ceiling has been raised 74 times, according to the Congressional Research Service. Ten of those times have occurred since 2001. Expect more of the same over the next decade. Barring major changes to spending and tax policies, " Congress would repeatedly face demands to raise the debt limit," CRS wrote.

What happens if Congress doesn't raise the debt ceiling before Aug. 2? No one knows for sure. But the going assumption is that no good can come of it.

What happens if Congress blows the debt ceiling?

Treasury would not have authority to borrow any more money. And that can be a problem since the government borrows to make up the difference between what it spends and what it takes in. It uses that borrowed money to help fund operations and pay creditors.

What happens if Congress blows the debt ceiling?

Treasury would not have authority to borrow any more money. And that can be a problem since the government borrows to make up the difference between what it spends and what it takes in. It uses that borrowed money to help fund operations and pay creditors.