Arab Today, arab today singapore leaders to take large pay cuts
Last Updated : GMT 03:57:11
Arab Today, arab today
Arab Today, arab today

Singapore leaders to take large pay cuts

Arab Today, arab today

Arab Today, arab today Singapore leaders to take large pay cuts

Singapore - Arabstoday

Singapore’s prime minister, Lee Hsien Loong, and senior officials from his government will take a huge pay cut after opposition complaints over their high salaries. However, Lee will still remain the world\'s best-paid leader. The prime minister\'s office said on Wednesday that he will accept the recommendations of a government-appointed committee to reduce his salary by 36 per cent, as well as those of his ministers and the city-state\'s president. Lee earns more than $2.3m a year but will have that reduced to $1.7m under the recommendations of a review committee he appointed last year, the panel said on its website. President Tony Tan faces even tougher times, with a potentially huge 51 per cent salary cut. Still, observers might consider him well-paid at 1.5m Singapore dollars ($1 = 1.2829 Singapore dollars) for a ceremonial post. Salaries for government ministers will be reduced by 37 per cent to an annual 1.1m Singapore dollars. Still, public officials in Singapore, with a population of 5.1 million, could be the envy of their peers. The People\'s Action Party (PAP), which has ruled Singapore since independence in 1965, has been on the defensive since its share of votes in the 2011 election fell to 60 per cent, an all-time low, amid rising prices of housing and transport. Widening income disparity Among the hottest issues facing the PAP was ministers\' high pay, which the government has justified as necessary to attract talent from the private sector and to deter the corruption that afflicts other Asian countries. The opposition said linking leaders\' salaries to what they could earn in the private sector meant they only focused on the rich. \"The pegging of the salaries to top earners has led to the PAP to focus on increasing the wealth of the richest in the country while neglecting the poor,\" the Singapore Democratic Party (SDP) said in a November proposal. The opposition party proposed instead that ministers earn a multiple of what the lowest 20 per cent of wage earners get. According to data from the manpower ministry, income of the bottom 20 per cent of Singaporeans was flat or negative in the past 10 years. Many Singaporeans complain about rising prices for basics such as housing and transport on the island, which has seen an influx of foreign workers over recent years. Despite the pay cut, Lee\'s salary will still be three times that of Donald Tsang, Hong Kong\'s chief executive who is the world\'s next highest-paid political leader, taking home about $550,000 a year. Julia Gillard, the Australian prime minister, will get about $498,200 a year under proposals unveiled recently. Barack Obama, the US president, earns about $400,000 a year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today singapore leaders to take large pay cuts Arab Today, arab today singapore leaders to take large pay cuts

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today singapore leaders to take large pay cuts Arab Today, arab today singapore leaders to take large pay cuts

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday