The Business Times
business-time-50

Wages

Economy & Policy
POLITICAL SALARIES REVIEW

Singapore tightens national bonus criteria for political salaries, including unemployment, income growth

2026-09-08T05:13:06.000Z
The reference annual salary for an entry-level minister at the MR4 grade will be raised to S$1.8 million, up from S$1.1 million, said Minister Chan Chun Sing.
Economy & Policy
POLITICAL SALARIES REVIEW

Political salary increase works out to 3.6% a year, below wage growth for Singaporeans: Chan Chun Sing

2026-09-08T05:05:01.000Z
These principles are part of a framework that is “fair to widen the pool of Singaporeans who can realistically consider serving, while preserving the ethos of political service”, said Minister Chan Chun Sing.
Singapore
POLITICAL SALARIES REVIEW

Political salary framework to keep calibre, commitment, clean-wage principles: Chan Chun Sing

2026-09-08T04:58:15.000Z
PM Wong committed to donate his full annual increment - which works out to S$1.4 million – to “suitable good causes” for the next five years.
Economy & Policy
POLITICAL SALARIES REVIEW

Singapore's benchmark ministerial pay to rise to S$1.8m; ministers won’t get the full increase at once

2026-09-08T04:43:24.000Z
“We have MPs with a wide range of backgrounds and experience, who bring different perspectives to our debates,” said PM Wong.
Economy & Policy
POLITICAL SALARIES REVIEW

No hidden components or perks in political officeholders’ pay: PM Wong

2026-09-08T04:25:08.000Z
“Our starting point is this: good government depends on good leadership. Institutions are only as effective as the people who lead them,” said PM Wong.
Economy & Policy
POLITICAL SALARIES REVIEW

Effective political leaders needed, civil servants no substitute: PM Wong

2026-09-08T04:15:25.000Z
But to leave political salaries untouched at this point, although a politically easier move, “would not be the right thing to do”, according to PM Wong.
Economy & Policy
POLITICAL SALARIES REVIEW

Singapore ‘must act now’ to raise political salaries, says PM Wong

2026-09-08T04:10:58.000Z
From left: Vivien Ang, chief sub-editor at BT; Dr Ng Kok Hoe, head of case insights unit and social inclusion project, NUS; Sera Noviany, ESG and compliance head, APP Group; and Simon Rawson, executive director of TISFD.
Lifestyle
TAKING HEART

People-related issues just as ‘financially material’ for businesses as climate: panel

2026-09-06T07:06:37.000Z
Australia’s wage price index rose 0.8 per cent in the June quarter, the same as the previous four quarters.
International

Australia’s Q2 wages rise 0.8%, private growth at four-year low

2026-08-19T02:06:46.000Z
The median pay award by employers fell to 3.2 per cent in the three months to the end of July.
International

UK employers raise pay by least in 10 months: survey

2026-08-18T23:26:32.000Z
Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More