Singapore workers earning more

Singapore workers earning more
Mid-point in range of incomes up 5.3% from last year to hit $2,633

By Cai Haoxiang

THE monthly salary of Singapore workers went up this year, for the second year in a row.

Their median income – the mid-point in a range – was $2,633 in June compared to $2,500 a year ago, a 5.3 per cent increase led by economic growth and a tighter labour market.

The rise is even steeper when part-time workers are taken out of the equation, according to a Manpower Ministry report yesterday on the earnings and employment of residents, including permanent residents.

It shows full-time workers’ median income to be $2,925 a month against $2,708 last year – an 8 per cent rise.

After taking into account projected inflation of about 5 per cent, their real wages rose by an estimated 2.8 per cent, said the ministry’s Singapore Workforce 2011 report.

But for all workers, including part-timers, the real wage increase was just 0.1 per cent, said labour economist Hui Weng Tat of the Lee Kuan Yew School of Public Policy.

Noting the Government’s goal to raise real median incomes by 30 per cent over 10 years, Dr Hui said it would require an average increase of 2.7 per cent a year.

‘Attention thus needs to be focused on improving the wages and work opportunities of the 194,700 part-time workers, as they are increasing in number, and half of them indicate they want to work longer hours,’ he added.

The report also disclosed for the first time median income figures that include the Central Provident Fund (CPF) contributions of employers.

With CPF, the income of full-timers soared to $3,250, which is $250 more every month than last year.

Explaining the new move, a ministry spokesman said employer CPF contributions form a ‘significant part of compensation… and can be used for housing and health care’.

Hence, it will publish the figures yearly to give ‘a more complete picture of residents’ income growth’, she said.

The rise in income this year builds on last year’s increase, which was a turnaround from the decline caused by the 2008-09 recession.

Last year, the strong economic recovery lifted the monthly income by 3.3 per cent, from $2,420.

This year, the increase is fuelled largely by strong employment growth, especially in the services sector, coupled with curbs on the inflow of unskilled labour and stricter conditions for employing skilled foreign workers, said economists interviewed.

‘Wages were pushed higher with the big projects like the Marina Bay Sands and Sentosa resorts needing a lot of labour, together with the tightening of foreign worker inflows like increased levies,’ said National University of Singapore economist Shandre Thangavelu.

These moves pushed the employment rate to a new high of 78 per cent for residents aged 25 to 64.

At the same time, immigration conditions were tightened, causing a decline in the number of permanent residents.

As a result, the resident labour force went up by just 1.6 per cent to 2.08 million, compared to an annual average of 2.6 per cent in the past 10 years.

On the other hand, more older residents and women were working this year.

A record 61.2 per cent of residents aged 55 to 64 were working, up from 59 per cent a year ago.

Similarly, with women aged 25 to 54, the number of employed rose to 73 per cent, from 71.7 per cent last year.

Labour leader Cham Hui Fong cheered the increases in these two groups, saying they show that efforts of unionists are paying off. Said Ms Cham, assistant secretary-general of NTUC: ‘Companies are now prepared to hire and spend time training these workers.’

Also, more government funds are available, she added, citing the Advantage scheme that helps companies redesign jobs for older workers.

Another is the Inclusive Growth Programme, which gives grants to companies to invest in high-tech equipment and redesign jobs for low-wage workers in return for raising their pay.

‘We hope these schemes will continue because we need to build up the momentum,’ said Ms Cham.

Singapore ranked 4th most costly city

Singapore ranked 4th most costly city
PropertyGuru.com.sg – Fri, Sep 23, 2011

Singapore has been ranked as the fourth most costly destination in Savills’ World Cities Review report, with the average value of luxury homes in the country increasing 144 percent over the past five years.

“Singapore has the highest concentration of millionaire households in the world (16 percent with US$1 million plus), and the capacity to buy residential property is obviously high,” said Savills.

Home values of the super-rich in the top 10 cities worldwide climbed 10 percent in the first six months, according to the report, higher than the average price growth of six percent for ordinary properties in similar cities and lower than the 65 percent growth in ultra-prime properties over the past five years.

“We recently identified ten world class cities whose real estate markets have more in common with each other than the mainstream markets of the counties in which they operate, and they are all attracting billionaires’ dollars, whether generated at home or overseas,” said Yolande Barnes, Director of Residential Research at Savills.

In a league of its own for super prime prices, Hong Kong led the list at £6,700 psf, ahead of Tokyo and Paris at £5,190 psf and £3,290 psf respectively. In addition, prices of ultra-prime properties in Hong Kong are more than double London’s average luxury property prices and over 10 times that in Sydney, which has been ranked the cheapest location for billionaires.

“At the foot of the table, Sydney still offers great value and is extremely well located to take advantage of Asian wealth if and when its policies restricting international buying are relaxed,” said Savills, adding that the average price of Sydney’s ultra-high-value homes stood at £590 psf.

Since 2005, the price growth of ultra-high-value homes has been the highest in the emerging “new world” economies of Singapore at +144 percent, followed by Mumbai at +138 percent, Moscow at +110 percent and Hong Kong at +83 percent. This pattern reflects the geography of the new wealth generation, as well as the creation of new billionaires over that period.

Higher starting pay for fresh graduates

CNA
14 September 2011

SINGAPORE: Fresh graduates salaries are showing an upward trend this year, according to the Fresh Graduate Pay Survey by global management consultancy the Hay Group.

The findings showed engineering jobs are still in demand and fresh engineering graduates can expect to earn about $2,745 per month.

This is slightly higher than the starting salaries for jobs in the legal (S$2,738) and production (S$2,728) services for fresh graduates.

The survey in July this year drew participation from 100 companies across general industries in Singapore.

It showed that average starting salary for degree holders was S$2,593 per month.

Diploma holders are also expected to fare better this year in the jobs market.

Their average starting pay was $1,799 per month.

Design and creative jobs topped the list of hot jobs for diploma holders who can command slightly higher starting salaries of about $1,900 per month.

The survey said employers place a premium of 44.7 per cent for degree holders over diploma holders in terms of starting salaries.

The premium which employers place on a master’s degree over general degree holders is lesser at 11.1 per cent.

One in four employer surveyed said they pay premiums to male employees who have completed National Service, with the average premium at S$166.

Bengawan Solo

Domestic goddess
by Huang Lijie
The Straits Times

Mrs Anastasia Liew, 62, fumbles to hide her hands from the camera.

Wearing a single diamond ring and no nail polish, the founder and managing director of Bengawan Solo cake shop says to the photographer: ‘Can you not photograph my hands? They don’t look good. These hands have been making cakes for more than 30 years.’

Her remark is more self-conscious than vain. But really she should be prouder of her hands – they have helped build her confectionery business from the kitchen of an HDB flat into an empire with a turnover of $43 million last year.
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Singaporeans want to marry but don’t look actively for mate: Study

Singaporeans want to marry but don’t look actively for mate: Study
ST, 17 August 2011
By Theresa Tan

MOST Singaporean singles here long to be married, but are just leaving it to fate. Few actively hunt for a spouse, and believe that Mr or Miss Right will appear magically when Cupid strikes.

That’s one of the main findings from new research on Singaporean Chinese singles by Professor Gavin Jones, a demographer with 45 years’ experience who has been based at the Asia Research Institute here since 2003.

He also found out that most singles here will not lower their expectations of a life partner just for the sake of marrying. Many are just too busy with work to hunt for a mate, while some avoid the dating market for practical reasons.

For example, less educated men who feel they don’t have enough money to start a family or find it hard to get a girlfriend, he noted.

When it comes to finding a husband, his findings showed that Singaporean women place great emphasis on a man’s ‘economic success’. They want a man who has greater – or at least equal – earning power.

One study respondent, a security guard in his 30s who earns about $1,500 a month, said that his girlfriend broke up with him because his pay was too low.

Prof Jones noted this materialistic streak is ‘very widespread’ and ‘more marked’ among East Asian women.

‘Men are supposed to be the provider and women raise the kids. So women feel it’s important to find men with earning power. This attitude is very deep-seated even though women have their own earning power now,’ he said.

And when it comes to mating criteria, Singapore men go for looks and women with a good character. ‘This may sound a bit stereotypical, but that is what they are saying,’ he added.
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Avoiding gossip is secret to 113-year-old’s long life

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An ex-Hongkonger, social worker known as ‘Mother Teresa of Singapore’ tries to keep a peaceful mind
Joyce Ng
SCMP Aug 08, 2011
Steering clear of gossip is the key to a long life, a 113-year-old Singaporean woman says.

Returning to Hong Kong in a wheelchair seven decades after she left the city, Teresa Hsu Chih said keeping a peaceful mind was her secret to longevity.

A well-known social worker in the Lion City, Hsu said she still occasionally did counselling work.

She was speaking as a guest at event held by the Hong Kong Health Care Association on Aging a few hours after flying in from Singapore.

Assisted by a care-giver, she can communicate slowly in Cantonese, Putonghua and English.

Daily meditation was also important, Hsu said.

“You just sit in peace. Think about what pain people suffer and what you can do to share your love,” she said.

Staying single may also have helped.

“I am not married. There’s no guy there to yell at me,” she said with a broad grin.

A vegetarian diet with lots of fruits is another secret to Hsu’s longevity. She starts a typical day by eating two raw eggs, with the yolk used as a facial mask. She likes soft fruits, such as melon, papaya and avocado.

Hsu said she did not have any disease common among the elderly, such as diabetes and osteoporosis.

Taking the flight yesterday, however, raised her blood pressure a little, as a doctor found when he measured it at the event.

Hsu is often referred to as the Mother Teresa of Singapore, where she started a non-governmental organisation to help the aged and sick in 1961.

She was born in 1898 in Guangdong and moved to Hong Kong aged 16, working as a cleaner while taking evening lessons in English.

During the second world war, she quit her job as a secretary and bookkeeper and went to Chongqing as a volunteer. At 47, she began to train as a nurse in Britain, where she worked for the next decade.

In 1961, she settled in Singapore and began her lifelong vocation of helping the needy.

Hsu returns to Singapore today.

Sim Kee Boon 沈基文

Sim Kee Boon (simplified Chinese: 沈基文; pinyin: Shěn Jīwén) was one of Singapore’s pioneer civil servants – men who worked closely with the Old Guard political leaders and played a key role in the success of Changi Airport and turned the fortunes of Keppel Shipyard around.

He graduated with Bachelor of Arts (Honours) in Economics from University of Malaya in 1953, and joined the civil service that year. By 1962, at just 33, he was made acting permanent secretary in the National Development Ministry, before taking charge of the Finance Ministry as well as Intraco, the state trading company. He was also Chairman and member of the Council of Presidential Advisers.

As Permanent Secretary at the Communications Ministry from 1975 to 1984, he made his name in the history books as the man behind was then the biggest civil project in Singapore – the construction and opening of Changi Airport – managing every aspect of the project from land reclamation to squatter resettlement. To Sim, Changi Airport project was his ‘national service’ to Singapore.

When Sim was given the mammoth task, he knew little about building an airport. Yet he approached the task as a layman, often asking questions and consulting his officers and staff. His hands-on, consultative management style kept staff on their toes, making sure they understand the importance of Changi project and nothing was to be overlooked. Civil Aviation Authority of Singapore (CAAS) chairman Liew Mun Leong remembered that Sim asked for mosaic tile samples from contractors to be displayed so staff could give feedback on tiles for the airport walls.

Sim was also known for his attention to details. As Chairman of the Civil Aviation Authority of Singapore (CAAS) for 15 years from 1984, he ensured that the airport had kept up with if not, exceed world-class quality standards. From airport management software to the texture of trolley handles, he insisted every aspect of customer experience must keep up with its impressive infrastructure. The quality of toilets at the Airport was even under his radar. He was quoted saying that the first and last point of exposure to an airport is the toilet. It gives you an impression of the country.

He also introduced free local phone calls in the transit area and the famous ’12-minute rule’. This means the first bag must be ready for retrieval 12 minutes after an aircraft grounds to a halt. He would even walk around the Changi terminals frequently, instituting the habit of ‘Management by Walking Around’ in CAAS. Mr David Lum, Managing Director of Lum Chang Holdings remembered that he would make an effort to look around airport, by reaching the place one or two hours earlier and board the plane at the last minute. And finally, he also stressed that the different players – CAAS, immigration and customs authorities, airport retailers, eateries – must work together as a team for Changi to succeed.

Sim’s success in his work did not stop with the development of Changi Airport. Between the years 1984 and 1999, Sim was serving concurrently as Chairmen of Keppel Corporation and the Civil Aviation Authority of Singapore. It came to him at first, that he would end Keppel as it was making losses then. Instead he took the reins and once again demonstrated his canniness and swift in his decision-making and implementation. Mr Lim Chee Onn, who was executive chairman of Keppel Corporation at the time attributed Sim’s visionary abilities and his optimism ‘during those very trying times’ as factors which led to the renewed growth of Keppel within 5 years. With first signs of rejuvenation for Keppel, Sim diversified Keppel’s portfolios into other fields like engineering, property, financial services as well as developing shipyards in other parts of the world. Keppel Corporation had become a success story that befits the image of a Singapore business icon.

Another success story of Sim was when he was the founding chairman of Tanah Merah Country Club, where he built it from scratch on a barren land, and into one of Singapore’s best country clubs.

As Sim and his wife Jeannette were avid golfers, Tanah Merah Country Club was like his ‘second home’. He would also personally greet new Tanah Merah Country Club members. In October 2007 his illness took a turn for the worse, and had to undergo chemotherapy. Even so, Mr Edwin Khoo, committee member at the Tanah Merah Country Club, would still see Sim regularly at the club and walking with a tube under his shirt. When he could not get himself on the greens and play, Sim would still putt around and join golf buddies for drinks most weekends for two hours.

Of his contributions to the club, Mr Khoo said Mr Sim, a passionate golfer, single-handedly turned the barren land into the “best-run club in Singapore’, and was very proud of it.

“He always had a simple message for us committee members: to run this club well, and to make the best of what we can do. It was a simple but powerful message,” he said. He added that Mr Sim went to the club’s golf course every weekend for about two hours even when he could not play golf because of his failing health.

Businessman and Singapore’s Ambassador to Turkey, Mr Chandra Das, 68, who worked directly for Mr Sim when he was in the Economic Development Board in the mid-1960s and mid-1970s, said his former boss had taught him two things.

“First, there is no such thing as black or white. There are no fixed answers and there isn’t just one way of doing things. You must be flexible. There is a lot of grey. He was a specialist in the grey,” Mr Das told The Straits Times.

“The second thing he told me when I left EDB to join Intraco: He said in EDB there are two people playing chess and you are giving advice. In Intraco, you are a chess player.”

He described Mr Sim as “a very sharp and intuitive man, and a good teacher.” “He said you can make mistakes so long as you don’t repeat them. He was also very task-oriented and a stickler for work,’ added Mr Khoo.

“I remember I took a day off to go to the Registrar of Marriages to get married. After the ceremony, he called the ROM and said: Is Chandra Das there? Tell him to come back to work.”

Added Mr David Lum, managing director of Lum Chang Holdings, where Mr Sim was adviser since 2000, : ‘Whenever he’s at any airports, he would make an effort to look around. He’d try to go to the airport about one or two hours earlier and board the plane at the last minute.’

A hands-on man with exacting standards, he made frequent unannounced walks around the Changi terminals, instituting the habit of Management by Walking Around (MBW) in CAAS. The demand for the best holds true even on the greens, as the founder chairman built the Tanah Merah Country Club into one of Singapore’s best.

Said the club’s president Tan Puay Huat: ‘He’s not satisfied until everything is near perfect.’

Ms Mavis Tan, who was personal assistant to Mr Sim for 19 1/2 years since 1984 till he retired in 2000, said he was a boss with a kind heart but had high expectations of his staff, always challenging them to come up with solutions.

“I learnt a lot under him as I always had to anticipate what he would ask. It never failed to impress me that he had such wide first hand connections in the region,’ she said.

Staff at Keppel Group also said they benefited from Mr Sim’s leadership during his 16 years tenure as Group Executive Chairman.

Leading the tributes from the group, Mr Lim Chee Onn, Executive Chairman of Keppel Corporation, said: “He developed a strong and stable platform for Keppel upon which we have been able to develop and grow at a sustained pace during these last 8 years. Keppel’s success today is a result of his vision and efforts.

‘As his colleague, I have learnt much from him through his inimitable style, particularly his great sense of optimism and cheerfulness even during very trying times.’

Ms Wang Look Fung, General Manager of the group corporate communications, added: ‘Mr Sim was respected and loved. In all his years at Keppel, he has taught me always to be first a Singaporean and then a Keppelite in my thinking process because what is good for Singapore will be good for the future of Keppel. I learned a lot from one of the finest masters in the art of communication.

‘I will always remember him as one who has a meticulous attention for details as well as an infectious joire de vivre, always affable and charming to everyone he meets.’

Mr Choo Chiau Beng, Senior Executive Director of Keppel Corp, and Chairman and CEO of Keppel Offshore and Marine, said he will remember Mr Sim as a successful man who was always able to balance well the demands of business and public service with family life and a passion for golf.

“He was an excellent boss – he demanded results but was human and caring. He always kept his cool like holing the final putt in an important 18th hole!’

He died on 9 November 2007 at the Singapore General Hospital, after a 17-year battle with stomach cancer.

Quote of the Week

“But believe you me, it only takes a few years to spend what your fathers and your forefathers have earned.”

~ Dr Lee Siew Choh (1917 – 2002)

Dr. Lee Siew Choh (simplified Chinese: 李绍祖; pinyin: Lǐ Shàozǔ; 1917 – 18 July 2002) was a politician and medical doctor from Singapore. Initially a member of the People’s Action Party (PAP), he became a leader of the breakaway Barisan Sosialis in 1961. After the Barisan Sosialis merged with the Workers’ Party in 1988, Lee stood as a Workers’ Party candidate in the 1988 general election and became Singapore’s first Non-Constituency Member of Parliament (NCMP), serving in this role until 1991.

List of Singapore Private Companies Offering Storage Space

1. Extra Space
www.extraspace.com.sg
Hotline: 6304 3200
Extra Space IMM Jurong Building
2 Jurong East St 21
#02-71 IMM Building
Singapore 609601
Tel: 6304 3208
Fax: 6491 1244
Email: imm@extraspace.com.sg
Extra Space Clementi Ave 6 West Coast
No. 1 Clementi Loop
#02-03
Singapore 129808
Tel: 6304 3211
Fax: 6491 1245
Email: westcoast@extraspace.com.sg

2. Store-It! Self Storage
www.store-it.com.sg

Pasir Panjang Road Facility
Harbourside 1
1 Boon Leat Terrace
Singapore 119843
Tel: 6271 2762
Fax: 6271 2393
Email: info@store-it.com.sg

3. Lock and Store
www.lockandstore.com.sg
37 Keppel Road (opp. Singapore Railway Station)
#01-03 Tanjong Pagar Distripark
Singapore 089064
Tel: 6325 7351
Fax: 6224 9041
E: info@LockAndStore.com.sg