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Singapore civil servants mid-year bonus will be 0.4 months; Acting Transport Minister Jeffrey Siow talk COE system and other transport challenges: Singapore live news
Singapore civil servants mid-year bonus will be 0.4 months; Acting Transport Minister Jeffrey Siow talk COE system and other transport challenges: Singapore live news

Yahoo

time10 hours ago

  • Business
  • Yahoo

Singapore civil servants mid-year bonus will be 0.4 months; Acting Transport Minister Jeffrey Siow talk COE system and other transport challenges: Singapore live news

The Singapore civil servant mid-year bonus 2025 will be 0.4 months, with junior-grade officers receiving an additional one-time payment of up to $400, said the Public Service Division (PSD). According to a statement on 16 June by the PSD, the mid-year bonus takes into account Singapore's economic performance in the first quarter of 2025, and the 'subdued economic outlook' for this year. Read more in our live blog below, including the latest local and international news and updates. The Singapore civil servant mid-year bonus 2025 will be 0.4 months, with junior-grade officers receiving an additional one-time payment of up to $400, said the Public Service Division (PSD). According to a statement on 16 June by the PSD, the mid-year bonus 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," they wrote. Singapore's economy grew by 3.9 per cent on a year-on-year basis in the first quarter of 2025, said the PSD. Meanwhile, the Ministry of Trade and Industry maintained the GDP growth forecast of 0 per cent to 2 per cent for 2025. For more on the civil servant bonus 2025, read here. The Singapore civil servant mid-year bonus 2025 will be 0.4 months, with junior-grade officers receiving an additional one-time payment of up to $400, said the Public Service Division (PSD). According to a statement on 16 June by the PSD, the mid-year bonus 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," they wrote. Singapore's economy grew by 3.9 per cent on a year-on-year basis in the first quarter of 2025, said the PSD. Meanwhile, the Ministry of Trade and Industry maintained the GDP growth forecast of 0 per cent to 2 per cent for 2025. For more on the civil servant bonus 2025, read here.

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