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 Working Life in Singapore V5

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yeahs4.1
post Mar 26 2011, 01:08 AM

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QUOTE(seantang @ Mar 26 2011, 12:46 AM)
It only takes S$60 per month to survive in Singapore. With $2500, no problem lah.
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excuse me?
yeahs4.1
post Mar 26 2011, 01:41 AM

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QUOTE(shoograd @ Mar 26 2011, 01:34 AM)
I have spent the last 6 years living outside my hometown/country, and I personally think that working in another country expands your horizon and puts you out of your circle of comfort. Learning to adapt in new, alien environments helps you develop into a more mature individual. Just my two cents, but I think that this should be seen as a pro and not a con.
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totally agree with that.

To me, home is home, of course it's nice to be at home but people will never improved if they choose to stay in their comfort zones.

Anyway, I'd really recommend people to go out from malaysia, maybe work in some other countries, gain exposures, international networks and experiences. These are definitely be really helpful in long run, regardless of your future choice of coming home or stay abroad.
yeahs4.1
post Mar 26 2011, 03:33 PM

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QUOTE(seantang @ Mar 26 2011, 03:29 PM)
A lot of folks ask " is $xxxx enough to survive?" without bothering to explain what 'survival' means to them. To me, to survive means not to die. With $60 a month, you will not die.
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That's what I figures too. People should say live comfortably, but again this is a very subjective and varies from person to person
yeahs4.1
post Mar 28 2011, 11:48 PM

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10% is a lot. Most of the companies in singapore is giving single digit increment.

Anyway, people are always confused about the concept of salary increment and salary adjustment.
yeahs4.1
post Mar 29 2011, 12:37 AM

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QUOTE(alaskanbunny @ Mar 29 2011, 12:01 AM)
is it? i thought this year should be rainfall increment?
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The economy was really bad in 2009, but it bounced back in 2010. Generally a lot of companies in singapore were performing unexpectedly well in 2010, taking 2009 in comparison, which reflected in mass hiring and high revenue in Q3 onwards. Naturally, those companies would repay those that worked hard during recession but it does not have to be in rainfall increment. Most of them are being careful in current economic situation so giving out huge increment is definitely something they wouldn't do without deep consideration. A good annual bonus is more likely to happen.

Anyway this is a very generalised speculation. Not every company can afford huge bonus/increment. I've heard from friends that get insignificant rewards, some have gotten big fat 8.5 months of bonus. This is very subjective, varies from companies, industries and etc etc. Of course not to forget the election is coming so someone has to look good on the newspaper
yeahs4.1
post Mar 30 2011, 10:14 PM

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QUOTE(L7Awesome @ Mar 30 2011, 04:56 PM)
Hmm... it should be the other way.  Money repatriate back to their respective country should be good for their country.  However, I believe that if the country continue to lose skilled workers to another country, then less 'high-tech' foreign investor will want to go into that country.  With that, it will cause the country to lose their competitive edge.  Thus, more people will lose out and the country as a whole will lose out even with the money  sent back.  That's my theory...


Added on March 30, 2011, 4:59 pm

I got taxed 15% the first year working here (less than 1/2 years). :-(.  But I did gain back some tax deduction in Malaysia though since my pay is based on 1/2 year in Malaysia.
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15%? Are you earning 160K per year?

CODE

RATES OF TAX FOR YEAR OF ASSESSMENT 2011      
     
Your chargeable income is the amount remaining after deducting from your assessable income the personal reliefs to which you are entitled.  If you are a resident in Singapore, the rates of tax chargeable are as follows:      
     
"Chargeable Income" Rate Gross Tax Payable  
                                        $ (%) $  
On the first 20,000 0 0  
On the next 10,000 3.5 350  
On the first 30,000                  350  
On the next 10,000 5.5 550  
On the first 40,000                  900  
On the next 40,000 8.5 3,400  
On the first 80,000                  4,300  
On the next 80,000 14 11,200  
On the first 160,000                15,500  
On the next 160,000 17 27,200  
On the first 320,000                42,700  
Above                   320,000 20  

Source: http://www.iras.gov.sg/irasHome/page01.aspx?id=88


This post has been edited by yeahs4.1: Mar 30 2011, 10:26 PM
yeahs4.1
post Mar 31 2011, 10:09 PM

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QUOTE(k8118k @ Mar 31 2011, 06:37 PM)
Any Senior herecan share info - Which SG Bank CC more benefits?
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I'd say citibank, standard chartered and uob.

Citibank SMRT works like a ezlink card with auto top up function. Also a lot of additional discounts for shopping.

Uob has a lot discount for food.

Standard chartered has cash rebate up to 5%
yeahs4.1
post Mar 31 2011, 11:59 PM

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QUOTE(jr` @ Mar 31 2011, 11:39 PM)
True, so I'd assume only degree holder or higher with excellent academic qualification and achievements will be chosen to be PR. Not to mention, decent attitude and personality during the interview. However, the processing fee is $1500 and I wonder what are the chances of those who applied in getting it.  hmm.gif So most members here are not SPR?
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what kinda processing fees are you talking about? shocking.gif
yeahs4.1
post Apr 4 2011, 12:21 AM

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indeed, very well said.

The truth is, many have lost faith in the desired change of Malaysia. Those that are still hanging on, most probably due to family/friends that are left behind.
yeahs4.1
post Apr 4 2011, 07:18 AM

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QUOTE(alaskanbunny @ Apr 4 2011, 12:35 AM)
very true....

neway, i am sure most of you all gotten your increments and bonus for last year already/ care to share? this is not to brag or showoff but just as a comparison...? i will start with mine...
1. alaskanbunny
a. years working: 1 1/2 years
b. industry: trading/manufacturing
c. increment: 10% <<<--- reasonable? i expected 35%, supervisor advice to demand for 20%
d. bonus: 5 months
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damn, mine is like... cry.gif

it's about time to move on

This post has been edited by yeahs4.1: Apr 4 2011, 07:19 AM
yeahs4.1
post Apr 4 2011, 09:57 PM

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QUOTE(Liuism @ Apr 4 2011, 06:42 PM)
Hey guys, I'm having troubles in deciding what do on this matter. Any suggestions or advices are kindly appreciated.

I'm currently working in MAS at a FMCG company doing IT, and has been with the company for nearly 2 years ++.  Yesterday, a fren offer me a position for receiving/purchasing job in the Far East company(SG) but the job is not IT related. It's a whole new ball game already.

Please advise on what to consider, shud I go for it or shud I stay/remain at the current job?
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Far East sounds like one of the main property developer in SG, or it is not?

http://www.fareast.com.sg

This post has been edited by yeahs4.1: Apr 4 2011, 09:58 PM
yeahs4.1
post Apr 5 2011, 01:31 AM

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QUOTE(alaskanbunny @ Apr 4 2011, 10:30 PM)
Q1 lor... hahahah, years experience only 1 1/2... and i am not that outstanding

care 2 share urs?

care to share? cont from the list ler... at least can give the rest an idea

yeaps, that right... big org selling a lot to foreigners
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I know a few years ago Q1,P1,P2 classification of EP would be indicated on the top right/left/back of the EP card itself, now it doesn't anymore.
Just wondering about Q1, P1 and P2, what's the minimum earning for these classifications? P1 is like 7k and above? I cant really recall.

btw, for 2010 i think my employer was doing well too. However the employees are not rewarded properly (IMO).
Increment: 4 to 5%.
Bonus: 1.5 months AWS + 2 months profit sharing + performance bonus (will be announced in July)
yeahs4.1
post Apr 5 2011, 11:36 AM

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QUOTE(alaskanbunny @ Apr 5 2011, 08:04 AM)
ahhh, that explains the increment... but bonus rather low dont you think? on the downstream or upstream?...
how many years of experience? industry?
bonus seems good... but july? errr.... rather slow...
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Fiscal year starts at july. so that's pretty much explains.
semiconductor industry, 1.2 years experience.

QUOTE(mcbarney666 @ Apr 5 2011, 11:17 AM)
I've finally made the jump and will be working in Singapore. I start work on 23 May 2011. smile.gif

Everything is in order except a place to stay. I'll be working at Raffles Place so I would like a room that is preferably on the green line. Max budget for room is 900SGD but has to be inclusive of internet, utilities and decently sized.

But I won't rule out anything just yet so please let me know of any rooms. smile.gif
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900SGD could have gotten you a really decent single room with aircond with utilities included. It could be cheaper if the place is a lil' further from financial district, say Tampines/Bedok (20 minutes of green line MRT)
yeahs4.1
post Apr 6 2011, 08:15 AM

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QUOTE(Andr3w @ Apr 6 2011, 12:21 AM)
Hi all,

Just got my PR approved few weeks ago  biggrin.gif  rclxm9.gif

Have a few questions hope someone could answer me

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Congratulations on successfully getting PR status, especially considering the current situation which involves general election.

A few of my colleagues applications didn't make it through, so was mine. Some are rejected based on very absurd reasons. So I'm kinda curious how do you get through. I hope you dont mind sharing some of your details here, so that other forum members could benefit from it. Many thanks.
1. How long have you been working and residing in sg?
2. What pass are you holding? Which industry are you from?
3. What's your highest education level obtained? From which university?
4. Is this your first attempt of getting PR?

Again, your help is very much appreciated.
yeahs4.1
post Apr 6 2011, 11:36 AM

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QUOTE(darkages @ Apr 6 2011, 10:03 AM)
Quick question, if 1st round PR application has been rejected, is there a cooling period? If so, how long?

Forgot to add: How long do they take to revert after applying?
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Do they mention the period that you have to wait before you can reapply?

According to my letter, it says I may apply in one year's time.
yeahs4.1
post Apr 6 2011, 01:11 PM

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QUOTE(tailtwist @ Apr 6 2011, 12:02 PM)
Ya...just follow what's written in the letter......

cooling period may vary


Added on April 6, 2011, 12:03 pm
McBarney666 and yeahs4.1...u both must be earning big bucks...SGD900 per room budget....can almost rent a private condo liao.....I can only envy u both.....my room rental at SGD500 is quite taxing for me already
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Actually I'm not, maybe does. I'm just stating the options he has, based on his maximum budget. FYI my room cost 400sgd.
yeahs4.1
post Apr 6 2011, 01:36 PM

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QUOTE(tailtwist @ Apr 6 2011, 01:32 PM)
nice.....where u located?common room?utility room?
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Pasir ris. Common room without aircond
yeahs4.1
post Apr 7 2011, 07:24 AM

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QUOTE(alaskanbunny @ Apr 7 2011, 12:49 AM)
updated list

» Click to show Spoiler - click again to hide... «

for me stated 1 year... i believe 1 year from the rejection letter date
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same case with me, and I quote: "We regret to inform you that your application has not been successful as you have not met the residential requirement".

what is the residential requirement? sweat.gif

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