Across Asia: Singapore

PM takes a pay cut

Singapore PM will take a pay cut as salaries for Singapore politicians, who are amongst the highest paid in the world, will be reduced by up to 19 percent next year due to a weakening economy, said state broadcaster Channel NewsAsia yesterday.

Singapore ministers, who are paid millions each year, have a component in their salary that is pegged to economic growth and with Singapore in a recession and the outlook gloomy for next year, this variable will fall, Channel NewsAsia said on its website, quoting the government's Public Services Division.