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Only a few days ago, Deputy Prime Minister Tharman Shanmugaratnam said Singapore will face "an environment of slow growth" for at least two years. UOB expects overall GDP growth to slow to 2.5 per cent this year. Now note that gloomy forecast of 2.5 falls nicely between 2% to 3%, the benchmark in the National Bonus Matrix that triggers a 50% bonus payout. It may be raining, but the ministers still have plenty to smile about.
- http://singaporedesk.blogspot.com/2012/01/millionaire-ministers-of-singapore.html
- http://singaporedesk.blogspot.com/2012/01/millionaire-ministers-of-singapore.html