Year end bonus for civil service

Originally Posted by Unregistered

s://sgstocksinvesting.com/2021-year-end-bonus-for-civil-servants-service-estimate-revealed/

Article give a prediction of 0.6. Ok la not bad!

Even in good times, getting one month was quite rare. We're still in recovery mode and after taking out a lot from the Reserves this past year due to the pandemic, giving out bonus like 1 month is a bit too much considering they only received 0.3 in July.

They should be thankful if it's anything between the 0.4-0.7 region.

If not wrong, we had abt 1mth when gdp was ard 2 to 3%.. so at gdp 5 to 6%, 0.7 to 1 mth is reasonable.. we shall see

Unlikely will be 1 month la. Cannot just see forecasted GDP but also current state.
We're in a recovery period and have already used up lots of reserves.

I'm banking on a more conservative 0.3 - 0.4 month

Originally Posted by Bikerz

Even in good times, getting one month was quite rare. We're still in recovery mode and after taking out a lot from the Reserves this past year due to the pandemic, giving out bonus like 1 month is a bit too much considering they only received 0.3 in July.

They should be thankful if it's anything between the 0.4-0.7 region.

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.

Getting 1 month is actually very common loh.

Originally Posted by Unregistered

Unlikely will be 1 month la. Cannot just see forecasted GDP but also current state.
We're in a recovery period and have already used up lots of reserves.

I'm banking on a more conservative 0.3 - 0.4 month

But track record shows that during 2008 crisis, we get 0 bonus during year end. The following year, we got 1 month bonus. Also although we used up a lot of reserves, at the same time Singapore also earn money during this pandemic times. So 0.7 and above is not unlikely.

Originally Posted by Unregistered

Unlikely will be 1 month la. Cannot just see forecasted GDP but also current state.
We're in a recovery period and have already used up lots of reserves.

I'm banking on a more conservative 0.3 - 0.4 month

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)

As mentioned in a previous post, we have already made back what we spent loh. With excess to spare some more. K-shape growth. If you are in the correct industry, you are doing very well. The bonus has always been tied to GDP growth and not the politics of the day. At 6-7% GDP growth, EOY bonus should be at least 1 mth or more. In 2013, when GDP was 4.8%, EOY bonus was 1.1mth.

Power sia so many experts here predicting the economy knn machiam like economist like that

If u all expert also can predict when COE price will drop? I want to buy new car.

Economy is In recovery mode from lower base. Max bonus also 0.5

I think people forget that besides GDP growth and economic recovery, there is another element which has no mathematical computation which is called Public Sentiment.

These 3 elements formed our actual AWS.