Daily Briefing: Ministerial pay computation unveiled amidst falsehood claims; Better wage awaits lift technicians

And a CBD shophouse is up for sale at $13.8m.

From Human Resources Online:

State-run website Factually cleared out the myths on ministerial pay computation amidst several falsehoods claims on pay transparency.

One of the oft discussed topics when it comes to ministerial salaries is how the government is not upfront about how they are calculated. On that topic, Factually noted: “The pay components are set out in a white paper, which was tabled in Parliament in 2012.”

In summary, a minister’s annual salary consists of a fixed component and a variable component. The fixed component includes monthly pay and the 13th month Annual Wage Supplement (AWS).

In total, Factually noted that an entry level (MR4) minister makes about S$1.1 million a year including norm bonuses, adding that if the minister doesn’t do well – and if the economy doesn’t do well – he or she may get well below S$1.1 million.

Read more here.

From Channel News Asia:

The government accepted the recommendations by the Lift and Escalator Sectoral Tripartite Committee (STC), giving way to better pay for lift technicians.
The recommendations include mandating the progressive wage model (PWM), a wage ladder which helps workers grow their salaries as they acquire skills and improve productivity.

Minister of State for National Development and Manpower Zaqy Mohamad said the recommendations provide a useful roadmap in attracting, developing and retaining locals in the lift industry.

"If we do this well, it will translate into safer and more reliable lifts for all of us," Mr Zaqy said.

Read more here.

From iCompare Loan:

A 4-storey commercial shophouse in South Bridge Road within the Central Business District (CBD) is up for sale at $13.8m, CBRE revealed.

The property with a 999-year leasehold sits on an approximately 1,402 sq ft site with a total gross floor area of approximately 4,662 sq ft. The 4-storey full commercial shophouse enjoys 100% occupancy rate with potential to convert its use to ‘Hostel’, subject to authority’s approvals.

The property also enjoys excellent accessibility being a short stroll from Raffles Place financial district and a mere 180 metres away from Clarke Quay MRT station.

CBRE is the sole marketing agent for this Public Tender exercise of the 999-year commercial shophouse. The Public Tender closes on 19 October 2018, Friday at 3 pm.

Read more here.