Wednesday, July 27, 2011

Median Income of the different professions in Singapore part 1

Business Times and Straits Times had an article a few weeks back regarding this issue.

I can't find the original article online, but if anyone has a BT subscription could kindly help me find it.

According to the department of statistics, the gross median income by profession are:

First figure is basic and second figure is gross:
1. Managers (including MD and CEO) 6,000 / 6,300
2. Professional (including doctors/lawyers/fund managers) 4,000 / 4,300
3. Associate professional & technicans 2,600 / 2,987
4. Clerical support workers 1,850 / 2,001
5. Service & sales workers 1,320 / 1,788
6. Craftsmen & related trades workers 1,790 / 2,250
7. Plant & machine operators & assemblers 1,380 / 1,896
8. Cleaners, labourers & related workers 850 / 960

MD and CEO topped the pay ranking, with a median gross salary of $14,765 monthly. That is more than what doctors ($10,786) and lawyers ($8,750) were paid.

(kindly taken from Ben's post here at ValueBuddies)

I also took the liberty to go through the Ministry of Manpower's site to find information on Mean & Median Income by profession. Not easy to find... but it's here. Frustrating enough to find, but even more frustrating after seeing they only show a few professions.

On face value, the lower remunerated blue collar jobs seem quite accurate, i.e. gross median wages of S$1,000 to S$2,500. However, I find certain jobs remuneration to be quite questionable, e.g. Dentists' median wage of S$4,000. (really meh?)

Will continue in a further post if I can find that article. I don't want to shoot off unsubstantiated figures.

Monday, July 25, 2011

The World's Most Expensive Cities For Expats

According to this article on , Singapore has become the 8th most expensive place to live in in the world. Interestingly enough, Luanda in Angola is number 1?!?!

Monday, July 18, 2011

Noble: trading idea

Channel support broken. Can't say decisively yet it looks too out to be a whipsaw.

MACD potential bullish divergence negated with today's sharp downtick of both MACD line and histogram.

Next support at 1.67 then 1.57. Might get my foot in at 1.67 and add more at 1.57 should it be tested. Cut loss will be decided should noble get into my buy range.
profit target will be at channel support turned resistance, and then in the value zone between 13 and 21 day ema

Friday, July 15, 2011

Johor Bahru

Been going to JB alot recently. Friend drives and so we go for makan, shopping and movies.

The whole premise of JB is that we'd spend less because of the favourable exchange rate.

How ironic that we end up spending more by buying durians, groceries, watching movies, eating cze char by the bucketload.

Can this be said the same of commission charges? With SCB, I've seen people making more reckless trades as the commissions are much lower. Eventually, what is premised to be a money saving exercise actually cost people more in losses....

Wednesday, July 6, 2011

Dapai International- postponing/?Canceling rights issue.

"The Directors wish to update Shareholders that the Company has had discussions with the
Singapore Exchange Securities Trading Limited regarding the proposed Rights Issue exercise and
understood that as the proceeds of the Rights Issue are intended to be used for a proposed
acquisition for which no agreement has been signed as yet and which when signed, will require
shareholders' approval, it is therefore pre-mature for the Company to carry out the proposed Rights
Issue exercise at this stage.
In view of the foregoing, the Company will postpone its plans for the proposed Rights Issue exercise
and will update Shareholders accordingly by way of announcement when and should it decide to
proceed with the rights issue exercise again.