Civil servants to get 0.4-month mid-year bonus
SINGAPORE - All civil servants will get a 0.4-month mid-year bonus, with junior-grade officers to receive an additional one-time payment of up to $400, said the Public Service Division (PSD).
In a statement on June 16, PSD said that the mid-year payment takes into account Singapore's economic performance in the first quarter of 2025, and the subdued economic outlook for this year.,
'Given the forecast of weaker Gross Domestic Product (GDP) growth and the downside economic risks, the public sector unions and the Government will jointly monitor the economic performance for the rest of the year, and will calibrate the year-end payments accordingly,' it added.
In addition to the bonus, civil servants in grades equivalent to MX13(I) and MX14 will receive an additional one-time payment of $250.
Meanwhile, those in grades equivalent to MX15 and MX16, and those in the Operations Support Scheme (OSS) will receive a higher one-time payment of $400.
Join ST's WhatsApp Channel and get the latest news and must-reads.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNA
5 days ago
- CNA
China's SMIC says Trump tariffs did not cause expected 'hard landing'
BEIJING: China's top foundry SMIC said on Friday (Aug 8) US tariff policy had not led to a "hard landing" the company had initially feared and strong domestic demand would keep its production capacity tight until October. Co-CEO Zhao Haijun told a post-earnings call the company was not consulting with customers on US President Donald Trump's 100 per cent tariff plan for chip imports but expected smaller impact, thanks to contingency plans made after the April tariffs. "After these past few months, everyone has either stocked up enough inventory for this year and next year, or found other suppliers," Zhao said, "So I think the impact will become even smaller." Previous tariff rounds had led to cost increases of less than 10 per cent for overseas customers, he added. China raised additional duties on US goods to 125 per cent in April after Trump effectively raised tariffs on Chinese goods to 145 per cent. On Wednesday Trump vowed a tariff of about 100 per cent on imports of semiconductors, but excluded companies manufacturing in the US or which have committed to do so. SMIC, which does not have manufacturing in the United States, was blacklisted by the US commerce department in 2020. China is its dominant market, contributing 84 per cent of second-quarter revenue, flat with the first, while the US made up 12.9 per cent, up slightly from 12.6 per cent. SMIC's second-quarter revenue rose 16.2 per cent on the year to US$2.2 billion. Its profit attributable to owners declined 19.5 per cent to US$132.5 million, missing analysts' estimates of US$183.35 million, according to LSEG data. Semiconductor Manufacturing International Corp (SMIC), as it is formally known, shipped 2.4 million eight-inch equivalent wafers in the second quarter, up 4.3 per cent from the previous quarter. Zhao said its production capacity remained insufficient and would stay tight until October due to robust demand from domestic substitution for analogue chips, WiFi and ethernet chips and controller chips for memory. SMIC's monthly production capacity expanded by 18.5 per cent quarter-on-quarter to 991,000 wafers, with utilisation rates rising to 92.5 per cent from 89.6 per cent in the March quarter. But Zhao said the fourth quarter is usually a slow season for the industry and rush orders and early shipments would slow then. SMIC expects third-quarter revenue to increase by 5 per cent to 7 per cent from the second.
CNA
6 days ago
- CNA
White House official: Apple to announce $100 billion pledge
WASHINGTON :Apple Inc will announce a domestic manufacturing pledge of $100 billion on Wednesday that will focus on bringing more manufacturing to the United States, a White House official said. The pledge would be a new financial commitment on top of what Apple has already pledged, the official said on customary condition of anonymity. Apple said in February it would spend $500 billion in U.S. investments in the next four years that will include a giant factory in Texas for artificial intelligence servers while adding about 20,000 research and development jobs across the country. Apple did not immediately respond to requests for comment. Earlier, White House economic adviser Kevin Hassett said Apple Inc was likely to make an investment announcement on Wednesday, as he discussed the financial pledges made by companies and countries under President Donald Trump. "They're moving here in droves. This is trillions and trillions of dollars of commitments for people to build new factories here. In fact, you're likely to see one today from Apple," Hassett said in an interview with Fox Business Network. He did not elaborate.
CNA
05-08-2025
- CNA
US criticizes use of AI to personalize airline ticket prices, would investigate
U.S. Transportation Secretary Sean Duffy said Tuesday the department has concerns about the use of AI to set personalized airline ticket prices and will investigate if anyone does so. Last week, Delta Air Lines told lawmakers it will not and has not used AI to set prices for individual consumers. "To try to individualize pricing on seats based on how much you make or don't make or who you are, I can guarantee you that we will investigate if anyone does that," Duffy said. "We would engage very strongly if any company tries to use AI to individually price their seating." Duffy noted Delta clarified that it would not use AI for pricing individual tickets, "and I'll take them at face value." Late last month, Democratic Senators Ruben Gallego, Mark Warner and Richard Blumenthal said they believed the Atlanta-based airline would use AI to set individual prices, which would "likely mean fare price increases up to each individual consumer's personal 'pain point.'" Delta previously said it plans to deploy AI-based revenue management technology across 20 per cent of its domestic network by the end of 2025 in partnership with Fetcherr, an AI pricing company. Fetcherr on its website says its technology is "trusted by the world's leading airlines," and lists Delta, Westjet, Virgin Atlantic, Viva and Azul. American Airlines CEO Robert Isom said last month using AI to set ticket prices could hurt consumer trust. Democratic lawmakers Greg Casar and Rashida Tlaib have introduced legislation to bar companies from using AI to set prices or wages based on Americans' personal data and would specifically ban airlines raising individual prices after seeing a search for a family obituary. Delta said airlines have used dynamic pricing for more than three decades, in which pricing fluctuates based on a variety of factors like overall customer demand, fuel prices and competition, but not a specific consumer's personal information.
