14 of 18 STI constituents pay their CEOs higher salaries

CHIEF executive officers (CEOs) of 14 Straits Times Index (STI) component companies received higher salaries in FY2022 than they did in FY2021. This represented three-quarters of the 18 STI constituents with financial years that ended on Dec 31, as well as primary listings on the Singapore Exchange.

Data compiled by The Business Times showed that the total remuneration for the 18 STI companies rose to S$116.4 million, up from S$94.6 million recorded last year. 

All US-denominated currencies were converted into Singapore dollars at the prevailing rate at the time of writing, and the midpoint was taken for companies that reported a salary range.