Show Me The Money (Again)
Even though most Asian economies are still robust, it would be political suicide anywhere else in Asia, except Singapore - can't remove them there. The government patted themselves on the ir backs and gave themselves another raise, the SECOND major fillip in 2 years.
Singaporean ministers and civil servants, already by far the highest-paid public servants in the world. The increase will push Prime Minister Lee Hsien Loong’s salary to S$3.7 million, or US$2.53 million, more than six times that of US President George W. Bush.
This was after another huge bump that gave Lee a 25.5 percent increase, to S$3.1 million. At the very top of the salary pyramid is Singapore President S R Nathan, whose salary will rise to S$3.8 million (US$2.6 million). The Public Service Division’s revised salary package gives starting-grade ministers a salary of S$1.94 million (US$1.32 million).
UK Prime Minister Gordon Brown receives the equivalent of US$170,556 and his cabinet ministers receive the equivalent of US$146,299. Newly elected Prime Minister Kevin Rudd in Australia receives US$284,333.
You convert that for cabinet ministers to RM4.42m. Now, even the very top players at top MNCs do not get that in Malaysia, or even most places in Asia. I think if you paid RM4.427m to Malaysian cabinet ministers - ... how to say this without incriminating myself ... Let's say that corruption is more prevalent in most Asian countries. I think RM4.42m would go a long way to "compensate" for unexpected windfalls.
So, is that the way Singapore tries to ensure that their ministers do not HAVE TO practice corruption? Because even at S$1 million, it should be more than enough to compensate for most top MNCs top dogs. Or is it to compensate for forgoing business opportunities or striking out for themselves? How are we to determine that that would automatically be profitable for the cabinet ministers?
Or has Singapore finally discovered the mathematical formula for eradicating corruption? So, are we to say that for countries that do not come close to that formula, that they are inept and probably corrupt ... even in developed nations such as UK, US and Australia?