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Q: Big4 - Yearly salary increment

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  #21401 (permalink)  
Old 12-01-2025, 06:45 PM
EDMWer
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Leong Mun Wai did a good video about what is happening in Singapore.

I suggest we keep an open mind for what he has to say and hopefully it will resonate with you.

link :

s://..com/watch?v=tyQ67uowUKg

s://..com/watch?v=1ub0enzN7Zs

Why would people like him as both a CFA charterholder & LSE Masters in Management holder would speak up on an issue without basis?

Either he is lying in parliament or speaking the truth.

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  #21402 (permalink)  
Old 13-01-2025, 07:47 AM
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Quote:
Originally Posted by EDMWer View Post
Like what TKL said

Singaporeans will enjoy the benefits of living in Malaysia while living in Singapore

While Malaysians will enjoy the benefits of living in Singapore while in Malaysia
Don’t compare living in jb vs on little red dot.

It is will always different

- tax rates
Safety

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  #21403 (permalink)  
Old 13-01-2025, 10:22 AM
EDMWer
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Originally Posted by Unregistered View Post
Don’t compare living in jb vs on little red dot.

It is will always different

- tax rates
Safety
Right now the only difference between SG and Johor is merely safety and physical infrastructure development

If they can raise salaries to match the cost of living, crimes will go down as a result

Trust me, its only matter within 10 years before they catch up with SG in this aspect.

In terms of indirect taxes, Singapore is still the highest and that makes SG unfavourable.

Thus there is higher risk of spending shift to Malaysia and tax revenue loss

It is probable that Johor will be the main focal point of development rather than SG, Johor will benefit more.

IMO the SG Johor SEZ should not proceed

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  #21404 (permalink)  
Old 13-01-2025, 10:30 AM
EDMWer
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Accountancy wages in next 5 years will be probably be stagnant

I really cant see how MNC will setup business in Johor and want to hire Singaporeans based on SG standard of living

We are neither familiar with local work customs, local tax laws and local company law besides unfamiliarity with their language (Cantonese/Melayu)

Either way its a good time to upskill now to utilise differentiation strategy from the Malaysian accountants
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  #21405 (permalink)  
Old 13-01-2025, 10:41 AM
EDMWer
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Quote:
Originally Posted by EDMWer View Post
Right now the only difference between SG and Johor is merely safety and physical infrastructure development

If they can raise salaries to match the cost of living, crimes will go down as a result

Trust me, its only matter within 10 years before they catch up with SG in this aspect.

In terms of indirect taxes, Singapore is still the highest and that makes SG unfavourable.

Thus there is higher risk of spending shift to Malaysia and tax revenue loss

It is probable that Johor will be the main focal point of development rather than SG, Johor will benefit more.

IMO the SG Johor SEZ should not proceed
Im talking from accounting/audit employees point of view as to whether the SG Johor SEZ deal should proceed or not

Not from business owners or government point of view.

Government knows there is a secondary effect in SG when MNCs invest in Johor
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  #21406 (permalink)  
Old 13-01-2025, 12:34 PM
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Quote:
Originally Posted by EDMWer View Post
Leong Mun Wai did a good video about what is happening in Singapore.

I suggest we keep an open mind for what he has to say and hopefully it will resonate with you.

link :

s://..com/watch?v=tyQ67uowUKg

s://..com/watch?v=1ub0enzN7Zs

Why would people like him as both a CFA charterholder & LSE Masters in Management holder would speak up on an issue without basis?

Either he is lying in parliament or speaking the truth.
you link 1 guy and take his words for facts basd on his past achievements?

like that elon musk is a genius, president trump is a god

simi lj. blind following blind sia.


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  #21407 (permalink)  
Old 13-01-2025, 12:51 PM
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Quote:
Originally Posted by Unregistered View Post
you link 1 guy and take his words for facts basd on his past achievements?

like that elon musk is a genius, president trump is a god

simi lj. blind following blind sia.
Haha. Only Bo liao people reply to EDMWer's nonsense in this useless thread.
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  #21408 (permalink)  
Old 13-01-2025, 01:54 PM
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Quote:
Originally Posted by EDMWer View Post
Right now the only difference between SG and Johor is merely safety and physical infrastructure development

If they can raise salaries to match the cost of living, crimes will go down as a result

Trust me, its only matter within 10 years before they catch up with SG in this aspect.

In terms of indirect taxes, Singapore is still the highest and that makes SG unfavourable.

Thus there is higher risk of spending shift to Malaysia and tax revenue loss

It is probable that Johor will be the main focal point of development rather than SG, Johor will benefit more.

IMO the SG Johor SEZ should not proceed
Well for pay, in accounting/ finance,
If you have the expertise/experience required, you can ask for quite comfortable salary in JB. Have friend who draw 20k rm as finance over there.

Please dont do 1:3 comparisons here.

You can drive good car, stay at landed with 20k
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  #21409 (permalink)  
Old 13-01-2025, 02:30 PM
EDMWer
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Quote:
Originally Posted by Unregistered View Post
you link 1 guy and take his words for facts basd on his past achievements?

like that elon musk is a genius, president trump is a god

simi lj. blind following blind sia.
This guy is bound by CFA members code of conduct

He must act professionally at all times.

Also, we are allowed to rely on CFA charterholders as they can be considered as Auditors’ Expert in SSA620. This means that even Public Accountants consider that his credentials can be relied on

Why would he smear his personal reputation by joining the opposition? Given his credentials as a PSC Overseas Merit Scholar, he could have became a PAP MP.

My opinion is that Leong Mun Wai has certain credibility especially on jobs relating to accountancy sector
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  #21410 (permalink)  
Old 13-01-2025, 05:08 PM
EDMWer
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Quote:
Originally Posted by Unregistered View Post
Well for pay, in accounting/ finance,
If you have the expertise/experience required, you can ask for quite comfortable salary in JB. Have friend who draw 20k rm as finance over there.

Please dont do 1:3 comparisons here.

You can drive good car, stay at landed with 20k
Bro nowadays 1 decent gourmet fried rice is at least $10

1 basic decent HDB flat will cost at least $1.2 million upwards excluding a car

1 average MBA is 100k excluding time cost

Unless have rich parents otherwise its insane

6k sgd/20k ringgit

Want eat michelin once a year also difficult

Every night sleepless night wondering whether your job will move overseas
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