Rilek1Corner

Tag: income

  • Budget 2017: Price Hikes Affect Poor More Than Rich

    Budget 2017: Price Hikes Affect Poor More Than Rich

    Water is a vital resource and a basic human right. Yet, the Government of Singapore sees it fit to use utilitarian or volume based pricing model for the provision of water.

    Such a model affects both the rich and poor and some say, the poor are more adversely affected than the rich.

    A 30% price hike will be a stretch for the poorer families while the rich has the means the ride the price hike.

    If it was the intention of the government to elicit any kind if behavioural change in the consumption of water, we’ll probably see the poor conserve a lot more.

    One spokesperson from IPS said that the 30% price hike is to create awareness. It’s a poor choice of words even for a PAP apologist on the IPS payroll. What’s he smoking?

    Call a spade a spade a price hike is not a water conservation campaign or an awareness programme.

    In an article written by Leong Hze Hian, he said that the water price in Hong Kong is priced 14 times lower. Perhaps they have better technology but whatever the reasons are, it’s definitely merits a discussion in parliament.

    The budget seems to benefit the middle class more than the underclass. The 20% tax relief capped at S$500 benefits the middle class for sure.

    Perhaps a tax on manual car wash and a closer watch on how water is used is F&B outlets when dishes are washed is much needed.

    With the advancement in smart metering technologies, it is possible to have different pricing structures for industrial versus residential users by districts, flat-types and household income.

    A different pricing structure definitely adds complexity to the pricing regime but it will definitely have the intended effect of changes in consumption patterns.

     

    Source: www.theindependent.sg

  • Osman Sulaiman: Work Hard And You Shall Be Rewarded!

    Osman Sulaiman: Work Hard And You Shall Be Rewarded!

    This is Shafiq. My Sales & Project Manager. He is the youngest member of my team. He has only been with us for about 1.5 months.

    Prior to joining me, he was working odd jobs to make ends meet. With nothing to lose, I persuaded him to join me and realise his full potential and the chance to earn a comfortable salary.

    Without any sales experience, he was naturally apprehensive about it. He knows nothing about doing renovation.

    Today, he closed his first deal. It sounded simple. Join me. Earn big bucks. Dont need to work so hard. But behind the scene, not many ppl know that he works diligently.

    His willingness to learn and acquire new skills makes the transition easier. Going out of his comfort zone to achieve his goals. His tenacity was what contributed to his first deal. A huge deal even for my standard.

    He now reaps the reward for his hard work and earns more than peers his age. To excel, paper qualification is secondary. Yes it is needed in a specific field but ultimately, it is not the only channel for success. Hard work is still the fool-proof way to achieve it.

    His success is my success. Im only able to provide the opportunity. Whether one succeed, it is up to the individual to find it.

    Congratulation Shafiq! Tomorrow, you’ll be able to treat me lobster!

     

    Source: Khan Osman Sulaiman

  • Couple With 19 Month Old Baby Cannot Survive On Husband’s $1200 Pay, Expecting Another Child

    Couple With 19 Month Old Baby Cannot Survive On Husband’s $1200 Pay, Expecting Another Child

    Good afternoon Mr Gilbert.

    I need your help…right now I am facing a financial melt down.

    My hubby has been sacked by a company last year and he managed to get a contract job as a packer earning $1200 to sustain the whole family.

    But his income is not enough to stretch till his next pay day.

    I myself is a stay-at-home mum and currently pregnant with our second child. We are currently staying at my parents’ place.

    My first child is 19 months old and I need a favour from you just for this month.

    I need some help for my first child milk Friso stage 3 and pampers size XL and some money for us to survive till 4th July – my husband’s next pay day.

    Right now my son milk is running low and this is his last tin of milk.

    Totally we have no money on hand. I hope you could help us just this month.

    Anything you can get back to me.

    Anonymous

     

    Source: www.transitioning.org

  • What Are The High-Paying Jobs In Singapore

    What Are The High-Paying Jobs In Singapore

    This is a country of diversity, and nowhere is that more obvious than in the salaries we earn.

    If you are an average Singaporean you probably feel that the $3,770 median income just doesn’t quite cut it.

    Of the 622 Singaporean workers across various industries that took part in a 2014 Jobstreet survey, 66 per cent felt the need for a 10 per cent to 20 per cent increase in their salary, while 80 per cent of participants were unhappy with their salaries.

    Wanting to earn more would seem like a universal human desire programmed right into our DNA, so what kind of strange beings make up the 20 per cent of Singaporeans that are actually happy with their salary?

    If you want to find out what being part of the 20 per cent of financially satisfied people feels like, try out one of these 5 highest paid jobs in Singapore.

    1. Financial Services Company Director

    The financial services sector is the place to be if making a high salary is your goal in life.

    The average financial services company director in Singapore earns a tidy $22,517 average monthly salary.

    2. Financial Services COO/General Manager

    Not surprisingly two financial services top jobs tied for second place.

    Although your average Chief Operating Officer or GM in a financial services company receives a lower pay compared to the company director, their $16,242 average monthly salary should be enough to scrape by.

    3. Insurance Company Director

    It seems there just isn’t the same kind of money in insurance that we see in other financial services. An insurance company director will have to be content to earn even less than the General Manager at other financial services companies, taking home just $14,745.

    4. Air Transport and Supporting Services COO/General Manager

    If you find flying a little more exciting than counting money then this job could work for you, and it even comes with a decent paycheck.

    The perfect job for the aviation enthusiast who’s willing to settle for $14,076 per month.

    5. University Lecturer

    We all love to talk, but how many people earn $13,684 off talking?

    If the stressful life of a company director or COO isn’t for you but a fat paycheque is absolutely your thing, then this is definitely the direction you will want to go.

    Respectable, social, good holidays, reasonable work hours, 5th best salaries in Singapore. Need I say more?

    Statistics taken from the Ministry of Manpower Occupational Wage Table(s), 2013.

     

    Sources: http://business.asiaone.com

  • Rich People Problems – Just Because They Stay In Private Properties Doesn’t Mean They Are Rich

    Rich People Problems – Just Because They Stay In Private Properties Doesn’t Mean They Are Rich

    Call it the power of mrbrown: The popular blogger’s tweet about a private property owner’s gripe is circulating online, provoking indignation and endless mockery.

    In a profile of Prime Minister Lee Hsien Loong’s Ang Mo Kio GRC by The Straits Times, father of three Chew B.W. was one of the constituents interviewed. His complaint: Not enough is being done for those living in private estates.

    Mr Chew noted the rising cost of living, such as the cost of a year’s tuition at The Learning Lab ($4,000) and a fencing costume for one of his children ($600). He added: “It doesn’t mean we are rich just because we live here. The Government should also help people like us – we pay the most taxes.”

    According to the Manpower Ministry’s website, the median gross monthly income in June 2014 was $3,770. The cost of a semi-detached house typically runs into seven figures.

    Mr Chew’s sentiments got short shrift from netizens on social media. The tweet has been retweeted almost 570 times. Here are some of the choicer comments on Twitter:

     
    Over on Facebook, user Callan Tham said: “Here, let me play the world’s smallest violin for them.” Kwan Tuck Soon also remarked: “The gahmen should help them upgrade to a mansion with a fencing room.”

    But it was Reddit user xavierkoh who had perhaps the most reasoned response: “Perhaps what we really need to cultivate as a community is a sense of empathy for the less privileged instead of always focusing on our own problems which might be more trivial in nature as compared to others. Without that, our society will further fragment into distinct social classes who only care about themselves.”

     

    Source: https://sg.news.yahoo.com