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Year end bonus for civil service

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  #41 (permalink)  
Old 06-11-2021, 09:26 PM
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Zhun boh? Got source? How u know? Dun like that leh. I risk my life by putting my didi on the chopping board if more than 0.5 i will chop it off
90% u likely chop

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  #42 (permalink)  
Old 07-11-2021, 12:19 AM
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2017 GDP 4.52% 1 mth year-end bonus
2018 GDP 3.50% 1 mth year-end bonus
2019 GDP 1.35% 0.1 mth year-end bonus
2020 GDP -5.39% 0 year-end bonus
2021 GDP forecast to grow 6% to 7% in 2021.

Based on GDP, 1 mth year-end bonus is a likely possibility.

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  #43 (permalink)  
Old 07-11-2021, 12:53 AM
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2017 GDP 4.52% 1 mth year-end bonus
2018 GDP 3.50% 1 mth year-end bonus
2019 GDP 1.35% 0.1 mth year-end bonus
2020 GDP -5.39% 0 year-end bonus
2021 GDP forecast to grow 6% to 7% in 2021.

Based on GDP, 1 mth year-end bonus is a likely possibility.

How much is the GDP for 2013? I remember we get quite a lot, 1.1 mth year end bonus.

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  #44 (permalink)  
Old 07-11-2021, 01:22 AM
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How much is the GDP for 2013? I remember we get quite a lot, 1.1 mth year end bonus.
2013 GDP was 4.84%.
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  #45 (permalink)  
Old 07-11-2021, 07:43 AM
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2017 GDP 4.52% 1 mth year-end bonus
2018 GDP 3.50% 1 mth year-end bonus
2019 GDP 1.35% 0.1 mth year-end bonus
2020 GDP -5.39% 0 year-end bonus
2021 GDP forecast to grow 6% to 7% in 2021.

Based on GDP, 1 mth year-end bonus is a likely possibility.
Can't compare like that, last year the government squandered $100 bil in reserves, cs can't afford to give similar bonuses anymore
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  #46 (permalink)  
Old 07-11-2021, 10:39 AM
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Can't compare like that, last year the government squandered $100 bil in reserves, cs can't afford to give similar bonuses anymore
I concur. Maybe not 1 month but hopefully is 0.7.
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  #47 (permalink)  
Old 07-11-2021, 01:41 PM
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Can't compare like that, last year the government squandered $100 bil in reserves, cs can't afford to give similar bonuses anymore
Where did you get that? The actual drawn down is less than $50b.
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  #48 (permalink)  
Old 07-11-2021, 03:20 PM
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For those that keep on trying to sell the narrative that Singapore has done poorly during Covid. Here are some figures to give you some perspective on how well Singapore is doing.

Official Foreign Reserves
Data on Singapore's foreign currency assets.
2016 356 billion
2017 373 billion
2018 392 billion
2019 375 billion
2020 478 billion
2021 565 billion(Sept)

Compared to our neighboring countries that took on massive debts and are now projected to be in serious trouble within the next five years, Singapore did very well. Whatever macro moves Singapore did, pay off massively. You can hate the Gov all you want, but damn, they really know how to invest.
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  #49 (permalink)  
Old 07-11-2021, 03:49 PM
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For those that keep on trying to sell the narrative that Singapore has done poorly during Covid. Here are some figures to give you some perspective on how well Singapore is doing.

Official Foreign Reserves
Data on Singapore's foreign currency assets.
2016 356 billion
2017 373 billion
2018 392 billion
2019 375 billion
2020 478 billion
2021 565 billion(Sept)

Compared to our neighboring countries that took on massive debts and are now projected to be in serious trouble within the next five years, Singapore did very well. Whatever macro moves Singapore did, pay off massively. You can hate the Gov all you want, but damn, they really know how to invest.
👏👏👏👏. ... no gov in the world is perfect.
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  #50 (permalink)  
Old 07-11-2021, 04:22 PM
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For those that keep on trying to sell the narrative that Singapore has done poorly during Covid. Here are some figures to give you some perspective on how well Singapore is doing.

Official Foreign Reserves
Data on Singapore's foreign currency assets.
2016 356 billion
2017 373 billion
2018 392 billion
2019 375 billion
2020 478 billion
2021 565 billion(Sept)

Compared to our neighboring countries that took on massive debts and are now projected to be in serious trouble within the next five years, Singapore did very well. Whatever macro moves Singapore did, pay off massively. You can hate the Gov all you want, but damn, they really know how to invest.
Even if their assets increase, it means little to civil servants who have not been receiving mid year and end year bonuses for 2019, 2020 and 2021. It's equivalent to clapping for our healthcare workers.
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