Singapore Ministers Get Major Pay Hikes | Dubai News

Singapore’s ministers are getting a major pay bump — the first in 15 years — with new benchmarks set at $1.8 million for most ministers and $3.6 million for the prime minister, sparking debate over fairness and competitiveness. Prime Minister Lawrence Wong insists high salaries are essential to attract top talent and maintain clean, capable leadership, while pledging to donate his entire raise to charity for five years. The actual increases won’t kick in immediately — a 9% performance-based adjustment starts October 15 — but the government defends the move as necessary, using a transparent formula based on top earners’ median income with a 40% discount for public service. With salaries lagging behind the private sector, this overhaul aims to keep Singapore’s leadership elite — and will be reviewed every five years to stay relevant. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/374d2e0af52cb239