Inflation up 5% (off, unofficial >10%). How many will get salary increases >10% ?

[enterprise2]

Y2013 is going to be a miserable year. Slow growth plus high inflation. Plus companies tightening their salary budgets for Y2013....smaller bonuses and increments (if any!) So Y2013 is going to be the year where everyone takes a real cut in income and standard of living. Thanks to Pappies!! (Btw I voted for WP)




Singapore said in October it will maintain a modest and gradual appreciation of its currency. The country guides the local dollar against a basket of currencies within an undisclosed band and adjusts the pace of appreciation or depreciation by changing the slope, width and center of the band. The stance is reviewed every April and October.
Consumer price gains will average more than 4.5 percent in 2012 and will be in a 3.5 percent-to-4.5 percent range next year, the central bank predicted last month. Rising costs of car permits, higher housing rentals and a labor market that is near full employment have kept price pressures elevated in the city of 5.3 million people, even as the central bank has said an appreciating currency will keep imported inflation benign.
“MAS is also alert to the risk that inflationary expectations will build up,” Finance Minister Tharman Shanmugaratnam said in a written reply to parliament this week, predicting upward price pressures in 2013. The central bank’s monetary policy stance “has been carefully calibrated to guard against an increase in inflation expectations.”
Manufacturing Shrinks

 

[aquilonian]

Salary increase exceeding 10%? . Just be thankful its not cut.

 

[halsey02]

Salary increase exceeding 10%? . Just be thankful its not cut.

I don't know you have noticed, I couldn't help noticing, there are pple in FB asking for job opportunity for they out of work - SINgaporeans & I was talking to a friend, asking me on behalf of brother, for a job..for company, cut staff.. how to get 10% salary increase & no bonuses too..

 

[streetsmart73]

hi there


1. some wistful thinking of 10% increase in salary!
2. only those elite sheep & running dogs are to have that.
3. just watch our rear before some ft takes over hoh

 

[erection2015]

I don't know you have noticed, I couldn't help noticing, there are pple in FB asking for job opportunity for they out of work - SINgaporeans & I was talking to a friend, asking me on behalf of brother, for a job..for company, cut staff.. how to get 10% salary increase & no bonuses too..

I know of a few recent graduates who arent able to get jobs for months already

 

[erection2015]

must always watch rear...whether got salary increase or not

hi there


1. some wistful thinking of 10% increase in salary!
2. only those elite sheep & running dogs are to have that.
3. just watch our rear before some ft takes over hoh

 

[Fishypie]

OutLook is getting dimmer by the day..never kena pay-cut or retrenched happy aLready; what wishfuL thinking to be getting a pay rise of 10% ?..unLess you are with the civiL service or stat boards.
Me stiLL heLming a vsme consisting of a coupLe LocaLs & foreign workers aLready panting since the start of this
2nd Q.If things are stiLL not Looking up to year's end; some of them sureLy have to redepLoyed..

 

[yinyang]

must always watch rear...salary increase or not

Tau chio if no need to sell behind:p, given bleak outlook with sick euro and faltering china. Don't even think of US's fiscal cliff, some 10% maybe even tempted to jump.