Goldman Sachs on pace for record bonuses

NEW YORK (Reuters) – Goldman Sachs Group Inc is on pace to make record bonus payouts after a robust first half, the Guardian newspaper reported on Sunday.
Goldman staff in London were briefed on the outlook and told they could look forward to the bonus hikes if the company registers its most profitable year ever, the [...]

No mid-year bonus for civil servants this year

SINGAPORE: Over 60,000 civil servants in Singapore will not be getting any mid-year annual variable component this year. The Public Service Division said this is due to the uncertain economic outlook.
The Ministry of Trade and Industry has maintained its GDP growth forecast for this year at minus six to minus nine per cent.
The decision not [...]

11% of firms paying above-target bonuses

BUSINESS is bad all around but some 11 per cent of companies polled in January in Singapore – mostly those in the service and agricultural-related industries – still expect to dish out higher-than-targeted bonuses to top executives this year.
However, the bonuses are likely to come out of a smaller pool, according to Lee Shiau Fei, [...]

Capitaland pays bonuses in shopping vouchers

CAPITALAND , Southeast Asia’s largest developer and Singapore’s biggest mall operator, will pay part of its managers’ bonuses this year in shopping vouchers.
‘Staff will receive shopping vouchers in March, and the amounts range from $750 to $10,000,’ a CapitaLand spokeswoman said.
‘About $1 million worth of vouchers will be distributed in total.’ CapitaLand earlier this month [...]

Deutsche Bank to spread bonus earned in 2008 over many years

FRANKFURT, Feb 14 (Reuters) – Deutsche Bank (DBKGn.DE) will draw out the payment of bonuses that employees earned for 2008 over many years, its chairman told a newspaper.
“For many workers at the bank, the bonus for 2008 will be drawn out over many years,” Clemens Boersig told Frankfurter Allgemeine Sonntagszeitung.
Pay packets such as the 14 [...]

Basic wages expected to rise by 1.5% this year

SINGAPORE: Amid the economic gloom, the latest survey by the Singapore Human Resource Institute (SHRI) shows basic wages will rise by 1.5 per cent this year.
This is a sharp contrast to the 4.4 to 4.8 per cent rise last year.
The survey of 208 companies shows that only three per cent plan to cut, or have [...]