S'pore inflation up 3.3%

[Greatbirdlegend]

 

Economy seems to be slowing down for my sector so wonder if company will be freezing salary like last year.

How is your company doing and potential salary adjustment this year?

 

http://www.straitstimes.com/BreakingNews/S...ory_582103.html

 

 

[Happily1986]

too many hot air balloons at the top hence the blatant inflation.

[Joseph22]

  On 9/23/2010 at 8:13 AM, Greatbirdlegend said:

Economy seems to be slowing down for my sector so wonder if company will be freezing salary like last year.

How is your company doing and potential salary adjustment this year?

 

http://www.straitstimes.com/BreakingNews/S...ory_582103.html

 

 

my company payfreeze for 2 years liao. next year still pay freez.

[Throttle2]

Inflation is at least 5% per year for the last few years......very tough for tan chiat people like us

 

 

[Joseph22]

  On 9/23/2010 at 8:22 AM, Throttle2 said:

Inflation is at least 5% per year for the last few years......very tough for tan chiat people like us

 

 

if you feel tough.

 

then we are more jia liat liao.

 

really dont like our current gahmen. keep pushing for GDP and cause inflation to go up up.

[Beehive3783]

  On 9/23/2010 at 8:28 AM, Joseph22 said:

if you feel tough.

 

then we are more jia liat liao.

 

really dont like our current gahmen. keep pushing for GDP and cause inflation to go up up.

They want to show results and figures to the whole world so that people can continue to come and invest. BUT at the expense of us citizens.

[Greatbirdlegend]

I think depending on which sectors or what business you are in.

Sometimes bo pian also.

I know my friends in Finance companies doing very well.

[Greatbirdlegend]

  On 9/23/2010 at 8:22 AM, Joseph22 said:

my company payfreeze for 2 years liao. next year still pay freez.

 

Almost confirmed we'll be like you since slowdown this half - 2 consecutive years of freeze.

Bloody tough on everyone.

[Joseph22]

  On 9/23/2010 at 8:39 AM, Greatbirdlegend said:

Almost confirmed we'll be like you since slowdown this half - 2 consecutive years of freeze.

Bloody tough on everyone.

 

 

but i guarantee you. Gahmen minister going to get pay raise because of growth in GDP

[Strife]

1 yr of freeze and < 100 bucks increment this yr. Could not take it.

 

Which industry are you guys in?

[Mightymito]

I amin construction ...... one of the worst industry for 10 years since1998. Most people earned about the same salaty for that period unless promoted. Last few years since about 2006 increment about 2-3% per annum.

 

Not to mention retrenched 4 times in 10 years. And 50% salary cut in 1998

 

Thats why construction mostly foreigners Singaporean cannot tahan

[Strife]

  On 9/23/2010 at 9:08 AM, Mightymito said:

I amin construction ...... one of the worst industry for 10 years since1998. Most people earned about the same salaty for that period unless promoted. Last few years since about 2006 increment about 2-3% per annum.

 

Not to mention retrenched 4 times in 10 years. And 50% salary cut in 1998

 

Thats why construction mostly foreigners Singaporean cannot tahan

 

Construction tough industry to be in Singapore.

 

I feel for you. Dont mind me but i am feeling better now that i have heard ur case.

[Watwheels]

But not eveyone's salary inflate also. Life sucks.

Edited September 23, 2010 by Watwheels

[Hermitage]

Don't understand all these financial stuff. How would 3.3% inflation affect prices of say, a light bulb? Or a cupboard? Or anything else for that matter?

 

Will it be a 3.3% increase in price across the board? Would it mean my Old Chang Kee karipok will now cost around $1.25? In any case, I take it as bad news...

[Watwheels]

  On 9/23/2010 at 9:14 AM, Hermitage said:

Don't understand all these financial stuff. How would 3.3% inflation affect prices of say, a light bulb? Or a cupboard? Or anything else for that matter?

 

Will it be a 3.3% increase in price across the board? Would it mean my Old Chang Kee karipok will now cost around $1.25? In any case, I take it as bad news...

No lah.

 

Instead of seeing price increase you will most likely see quality and service shrinkage. Like the kali pok used to have some hard boil egg in it but now maybe no more or less kantang or size shrink, price remains.

[Hermitage]

Dammit! That's just as bad lar...

[Tjkbeluga]

I worked in my current IT company for 3 years liao... Pay freeze. Don't even have 13th month AWS. Just first year got 1/2 month bonus. That's all.... nbz. Anyway, for IT, got job tao chio liao...

[Throttle2]

  On 9/23/2010 at 8:28 AM, Joseph22 said:

if you feel tough.

 

then we are more jia liat liao.

 

really dont like our current gahmen. keep pushing for GDP and cause inflation to go up up.

 

 

I every year tighten my own belt and up my employees salary by 10% - 15% + bonus, so how can you be more jialat?