HK's government to take pay cut

[makapaaa]

While the BEST PAID, MOST JIAT LIAO BEE ministers in the world are on JIAT HONG trips! *shake head*

<TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR><TD vAlign=top width="22%"></TD><TD vAlign=top align=left>HK's government to take pay cut
HONG KONG - Hong Kong's chief executive and top government ministers will take a more than 5 per cent pay cut as part of the city's belt-tightening during the economic downturn, reports said on Monday.
</TD></TR></TBODY></TABLE>

 

[2lanu]

I guess the white scum dun want to hear the HK govt being mention at all. It will put them to shame and also hard for them to justify their $mil salary compared to them.

 

[Char_Azn]

They already cut way back in Jan

Ministers and top civil servants will get a pay cut of up to 19% in 2009. Top civil servants and ministers were supposed to get a pay rise in Jan 2009 but this has been deferred in view of the clouded economic outlook. The annual salary for top civil servants and ministers will fall next year to levels below April 2007, because close to 25% of their annual salary comprises variable payments linked to the GDP growth of Singapore and their salary will fall as long as the economy remains weak. In 2009, the Prime Minister and President will see their annual salaries cut by 19%, Ministers and Senior Permanent Secretaries by 18%, and Members of Parliament by 16%.

As for civil servants such as teachers and police officers, they are getting a total of two months' bonus payment for 2008, plus S$100 to S$300 paid in July. This comprises the 13th month payment or Annual Wage Supplement [AWS] and a one-month Annual Variable Component or AVC. The year-end AVC has been reduced to 0.5 month. Last year, the total bonus payment was three months plus S$220.

- In a price deflation scenario, prices of goods and services fall. But wages tend to fall faster than prices, being the exact opposite of the inflation scenario where prices rise faster than wages. In either case, workers are still screwed because they cannot keep up.

Chartered Semiconductor fired the first shot as it implemented a 5-10% pay cut, which was followed closely by a move by Temasek Holdings to cut the pay of its top executives by 25%. A manager in my office remarked that the Motorola factory in Singapore has been sold and the new owner told the workers that they could stay on and take a 25% salary cut, or they could leave. So, an average of say 10-20% seems to be the going rate nowadays as far as pay cuts go, depending on the position, industry, and particular company.

http://www.post1.net/lowem/entry/singapore_ministers_civil_servants_2009_pay_cut_up_to_19_on_gdp_decline_singapore_recession

 

[Char_Azn]

Actually they've already cut way back in Jan. Question U should be asking instead is when they will be getting their losses back

Ministers and top civil servants will get a pay cut of up to 19% in 2009. Top civil servants and ministers were supposed to get a pay rise in Jan 2009 but this has been deferred in view of the clouded economic outlook. The annual salary for top civil servants and ministers will fall next year to levels below April 2007, because close to 25% of their annual salary comprises variable payments linked to the GDP growth of Singapore and their salary will fall as long as the economy remains weak. In 2009, the Prime Minister and President will see their annual salaries cut by 19%, Ministers and Senior Permanent Secretaries by 18%, and Members of Parliament by 16%.

As for civil servants such as teachers and police officers, they are getting a total of two months' bonus payment for 2008, plus S$100 to S$300 paid in July. This comprises the 13th month payment or Annual Wage Supplement [AWS] and a one-month Annual Variable Component or AVC. The year-end AVC has been reduced to 0.5 month. Last year, the total bonus payment was three months plus S$220.

- In a price deflation scenario, prices of goods and services fall. But wages tend to fall faster than prices, being the exact opposite of the inflation scenario where prices rise faster than wages. In either case, workers are still screwed because they cannot keep up.

Chartered Semiconductor fired the first shot as it implemented a 5-10% pay cut, which was followed closely by a move by Temasek Holdings to cut the pay of its top executives by 25%. A manager in my office remarked that the Motorola factory in Singapore has been sold and the new owner told the workers that they could stay on and take a 25% salary cut, or they could leave. So, an average of say 10-20% seems to be the going rate nowadays as far as pay cuts go, depending on the position, industry, and particular company.

http://www.post1.net/lowem/entry/singapore_ministers_civil_servants_2009_pay_cut_up_to_19_on_gdp_decline_singapore_recession

 

[makapaaa]

They are just cutting back on their "projected increases". Nothing has changed. Donch be fooled!

 

[makapaaa]

Singapore's World Records
On this small island lives the 30 best-paid politicians in the world, comments a blogger. MySingaporeNews.
Apr 3, 2009
As the economic crisis worsens and thousands are being retrenched, the huge salaries of Singapore's political leaders have come under the spotlight not only here - but overseas.
With G20 leaders gathering in London to work out solutions to the global crisis, the Times compiled a list of "the 10 best-paid politicians in the world" - naturally with Singapore's Prime Minister Lee Hsien Loong taking the top spot.
The story was picked up by The Australia, which also works out their salaries when ranked against population.
Mr Lee earns S$3.76 million (US$2.47 million) a year, excluding bonuses, allowances, pensions, etc which add on a significant bit.
This is about 54 cents per head of population. In second position was his counterpart from New Zealand at 9 cents. The rest of the world are all down there, below even the lowest-ranking minister in Singapore.
But Singaporean blogger redbean's "My Singapore News" carries a calculation from its reader, Green Peas, expanding on the UK and Australian reports.
It pointed out that the world's 30 best-paid politicians (a definition that will include ministers, elected president, etc) are all from Singapore.
Here's what the blogger says:
The TOP 30 highest paid politicians in the world are all from Singapore:
1. Elected President SR Nathan - S$3.9 million.
2. Prime Minister Lee Hsien Loong - S$3.8 million.
3. Minister Mentor Lee Kuan Yew - S$3.5 million.
4. Senior Minister Goh Chok Thong - S$3.5 million.
5. Senior Minister Prof Jayakumar - S$3.2 million.
6. DPM & Home Affairs Minister Wong Kan Seng - S$2.9 million.
7. DPM & Defence Minister Teo Chee Hean - $2.9 million
8. Foreign Affairs Minister George Yeo - S$2.8 million.
9. National Development Minister Mah Bow Tan - S$2.7 million.
10. PMO Miniser Lim Boon Heng - S$2.7 million.
11. Trade and Industry Minister Lim Hng Kiang - S$2.7 million.
12. PMO Minister Lim Swee Say - S$2.6 million.
13. Environment Minister & Muslim Affairs Minister Dr Yaccob Ibrahim - S$2.6 million.
14. Health Minister Khaw Boon Wan - S$2.6 million.
15. Finance Minister S Tharman - S$2.6 million.
16. Education Minister & 2nd Minister for Defence Dr Ng Eng Hen - S$2.6 million.
17. Community Development Youth and Sports Minister - Dr Vivian Balakrishnan - S$2.5 million.
18. Transport Minister & 2nd Minister for Foreign Affairs Raymond Lim Siang Kiat - S$2.5 million.
19. Law Minister & 2nd Minister for Home Affairs K Shanmugam - S$2.4 million.
20. Manpower Minister Gan Kim Yong - S$2.2 million.
21. PMO Minister Lim Hwee Hwa - S$2.2 million.
22. Acting ICA Minister - Lui Tuck Yew - S$2.0 million.
23 to 30 = Senior Ministers of State and Ministers of State - each getting between S$1.8 million to S$1.5 million.
Note: 1. The above pay does not include MP allowances, pensions and other sources of income such as Directorship, Chairmnship, Advisory, Consultancy, etc to Gov-linked and gov-related organisations or foreign MNCs such as Citigroup, etc.
2. Though it is based on an estimate, the data cannot be far off the official salary scales.
The above was posted in redbeanforum by Green Peas.
(London Times report: http://timesbusiness.typepad.com/mon...the-world.html)

 

[funglung]

Singapore's World Records
On this small island lives the 30 best-paid politicians in the world, comments a blogger. MySingaporeNews.
Apr 3, 2009
As the economic crisis worsens and thousands are being retrenched, the huge salaries of Singapore's political leaders have come under the spotlight not only here - but overseas.
With G20 leaders gathering in London to work out solutions to the global crisis, the Times compiled a list of "the 10 best-paid politicians in the world" - naturally with Singapore's Prime Minister Lee Hsien Loong taking the top spot.
The story was picked up by The Australia, which also works out their salaries when ranked against population.
Mr Lee earns S$3.76 million (US$2.47 million) a year, excluding bonuses, allowances, pensions, etc which add on a significant bit.
This is about 54 cents per head of population. In second position was his counterpart from New Zealand at 9 cents. The rest of the world are all down there, below even the lowest-ranking minister in Singapore.
But Singaporean blogger redbean's "My Singapore News" carries a calculation from its reader, Green Peas, expanding on the UK and Australian reports.
It pointed out that the world's 30 best-paid politicians (a definition that will include ministers, elected president, etc) are all from Singapore.
Here's what the blogger says:
The TOP 30 highest paid politicians in the world are all from Singapore:
1. Elected President SR Nathan - S$3.9 million.
2. Prime Minister Lee Hsien Loong - S$3.8 million.
3. Minister Mentor Lee Kuan Yew - S$3.5 million.
4. Senior Minister Goh Chok Thong - S$3.5 million.
5. Senior Minister Prof Jayakumar - S$3.2 million.
6. DPM & Home Affairs Minister Wong Kan Seng - S$2.9 million.
7. DPM & Defence Minister Teo Chee Hean - $2.9 million
8. Foreign Affairs Minister George Yeo - S$2.8 million.
9. National Development Minister Mah Bow Tan - S$2.7 million.
10. PMO Miniser Lim Boon Heng - S$2.7 million.
11. Trade and Industry Minister Lim Hng Kiang - S$2.7 million.
12. PMO Minister Lim Swee Say - S$2.6 million.
13. Environment Minister & Muslim Affairs Minister Dr Yaccob Ibrahim - S$2.6 million.
14. Health Minister Khaw Boon Wan - S$2.6 million.
15. Finance Minister S Tharman - S$2.6 million.
16. Education Minister & 2nd Minister for Defence Dr Ng Eng Hen - S$2.6 million.
17. Community Development Youth and Sports Minister - Dr Vivian Balakrishnan - S$2.5 million.
18. Transport Minister & 2nd Minister for Foreign Affairs Raymond Lim Siang Kiat - S$2.5 million.
19. Law Minister & 2nd Minister for Home Affairs K Shanmugam - S$2.4 million.
20. Manpower Minister Gan Kim Yong - S$2.2 million.
21. PMO Minister Lim Hwee Hwa - S$2.2 million.
22. Acting ICA Minister - Lui Tuck Yew - S$2.0 million.
23 to 30 = Senior Ministers of State and Ministers of State - each getting between S$1.8 million to S$1.5 million.
Note: 1. The above pay does not include MP allowances, pensions and other sources of income such as Directorship, Chairmnship, Advisory, Consultancy, etc to Gov-linked and gov-related organisations or foreign MNCs such as Citigroup, etc.
2. Though it is based on an estimate, the data cannot be far off the official salary scales.
The above was posted in redbeanforum by Green Peas.
(London Times report: http://timesbusiness.typepad.com/mon...the-world.html)

The $$$$ paid to LKY and his cockroaches in white that think they are Ministers are more than the $$$ paid to the combined governments of all the G8 countries together.

DO YOU ALL WANT TO KEEP PAYING AND PAYING THEM TO FUCK AND FUCK YOU ALL?




DO NOT WAIT UNTIL ELECTION TIME
THE TIME TO ACT IS NOW!

TALK TO YOUR FRIENDS AND YOUR RELATIVES.

SUPPORT OPPOSITION PARTIES WITH YOUR TIME AND MONEY AND STAND BY THEM AND WITH THEM.
THEY SPEAK FOR YOU AND TRY TO SPEAK FOR YOU.

LKY AND PAP HAVE BEEN USING THEIR KANGAROO COURTS TO TRY TO BANKRUPT THEM TO SILENCE THEM.

IF YOU DO NOT STAND WITH THEM AND STAND BY THEM, CAN YOU STAND ALONE AGAINST LKY?

SINGAPOREANS MUST UNITE AND SUPPORT ALL THE OPPOSITION PARTIES.


DO NOT JUST WAIT UNTIL ELECTION TO VOTE


VOTE OUT LKY AND HIS BASTARDS IN WHITE WHO ONLY WANT YOUR MONEY AND TO FUCK YOU.


IF NOT FOR YOURSELF, THEN FOR THE FUTURE OF YOUR CHILDREN

THERE WILL NOT BE AN OBAMA AS PRESIDENT OF USA IF THE CIVIL RIGHTS MOVEMENT THERE WAS INTIMIDATED BY BEATINGS AND LYNCHINGS IN THE PAST.


THE TOBBLING OF LKY WILL NOT BE EASY, AND CAN BE BLOODY AS WELL.
THEY WILL NOT GIVE UP THE BILLIONS THAT THEY SUCKED FROM YOU AND CAN CONTINUE TO SCREW FROM YOU NOW AND IN FUTURE.


ONLY YOU HAVE THE POWER TO SAY 'NO MORE OF THAT' AND THROW EVERYONE OF THOSE BASTARDS OUT







Already 400-500++ billions got sucked and bled by LKY into his Temasick and GIC.
HOW MANY OTHER BILLIONS GOT SUCKED AND USED BY THEM IN GLC WHERE THEIR FAMILY MEMBERS AND MINISTERS AND BASTARDS IN WHITE ARE CHAIRMAN AND CEOS?

EVEN IF NO ELECTIONS, SINKIES MUST SPEAK WITH ALL THEIR FRIENDS AND ALL THEY KNOW

STAND UP TO THAT BASTARD LKY AND PAP BLOODSUCKERS

STAND WITH ALL THOSE THAT FIGHT BASTARD LKY

OR STAND UP YOURSELF IN YOUR CONSTITUENCY

DONT BE BULLIED BY THAT FUCKING COWARD LKY USING HIS CORRUPT KANGAROO COURTS AND ALL THAT HE CAN, AND WILL THROW AT YOU


You will fear them only if you allow yourself to fear them.

Just because THEY want you to fear them, must you fear those fucking bastards?

THEY ONLY CAN RULE YOU , AND BLED YOU , THROUGH FEAR AND INTIMIDATION.


SINKIES,

FIND YOUR BALLS AND STAND UP TO THEM.
THEY WILL THEN FEAR YOU.

AND YOU REGAIN YOUR MONEY AND YOUR FUTURE AND YOUR CHILDREN FUTURE.

DO NOT LET OUR MONEY GO TO FUND PAP DOGS FRENCH COOKING LESSONS

DO NOT DIE IN OLD FOLK HOMES IN JB.

FIND YOUR BALLS AND STAND UP TO THEM





LEE KUAN YEW LOST AND LOST DUNNO HOW MANY BILLIONS IN TEMASICK AND GIC

EVEN MORE BILLIONS HE THREW AWAY TO HIS DOGS AND COCKROACHES SO THEY CAN TAKE FRENCH COOKING LESSONS

LKY NEED MORE BILLIONS FROM SINKIES WHO VOTED FOR HIM AND FROM THOSE WHO VOIDED THEIR VOTES

EVEN IF YOU VOTE AGAINST HIM, NO DIFFERENCE.

COLLECTIVE PUNISHMENT AS SINKIES DID NOT TRY HARD ENOUGH TO KICK OUT THAT VAMPIRE BASTARD LKY

SO EXPECT EVERYTHING IN SINGAPORE TO GO UP AND UP

BASTARD LKY NEED YOUR $$$$$

HE SCREW YOU AND DEMAND THAT YOU THANK HIM FOR HIS FUCKING 'SUBISIDIESD BULLSHIT' AND 'AFFORDABLE' CON-TALK.

GO ALL OUT TO KICK ALL THOSE BASTARDS OUT

ALL OF THEM