Year end bonus for civil service

Originally Posted by Unregistered

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

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.

Originally Posted by Unregistered

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.

Originally Posted by Unregistered

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%.

Originally Posted by Unregistered

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

Originally Posted by Unregistered

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.

Originally Posted by Unregistered

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.

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.

Originally Posted by Unregistered

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.

Originally Posted by Unregistered

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.