Latest news with #salary
Independent Singapore
a day ago
- Business
- Independent Singapore
SIA CEO's annual pay fell 13.5% to S$7m despite record profit
Photo: Facebook/Singapore Airlines SINGAPORE: Singapore Airlines (SIA) chief executive officer Goh Choon Phong's annual salary fell by 13.5% to S$7.01 million for the financial year ended March 31. According to Singapore Business Review, Mr Goh's pay package included a base salary of S$1.46 million, S$3.12 million in bonuses, and S$2.44 million in shares and other benefits. In July last year, Mr Goh received a salary of S$8.11 million, 20.5% higher than his salary the previous year , thanks to a post-pandemic travel boom. Mr Goh's annual salary dropped this year even though the group recorded a net profit of S$2.78 billion for the year ended March 31, up from S$2.68 billion the year before. Eligible SIA staff will also see slimmer takings with a 7.45-month bonus for FY2025, slightly lower than the 7.94 months awarded the previous year. The group's profit was boosted by a one-off non-cash gain of S$1 billion after the Air India–Vistara merger was completed in November 2024. See also DBS: S-REITs will continue to be net outperformers in 2024 In November, Singapore Business Review reported that SIA completed the Vistara–Air India merger, giving it a 25.1% stake in the expanded Air India. The group, which includes budget airline Scoot, also posted record revenues after carrying a record 39.4 million passengers. However, the group's operating profit fell 37% as passenger yields declined amid growing competition, though both remained above pre-pandemic levels. In a letter to shareholders, SIA's chairman Peter Seah credited SIA's performance to effective cost management through the company's digital and staff productivity initiatives amid rising expenses. He noted, 'In a year marked by rising geopolitical tensions, supply chain constraints, cost inflation, and an increasingly uncertain macroeconomic landscape due to global tariff wars, the Singapore Airlines (SIA) Group successfully delivered another impressive performance.' Looking ahead, Mr Seah added, 'While aviation landscape is rapidly evolving, the SIA Group is in a strong position to not only withstand these changes but to shape them.' /TISG Read also: Sheng Siong CEO Lim Hock Chee's FY2024 pay rises 20.6% to S$7.06M on bigger bonus See also What We Demand in Return for Fare Hikes
Independent Singapore
2 days ago
- General
- Independent Singapore
Help! My mom is demanding money and I'm just a week into my first full-time job
SINGAPORE: A woman who just started her first full-time job wrote that her mother and sister both expect her to pay them part of her salary, and asked to hear other Reddit users' 'valuable thoughts' on the matter. In a much-commented upon post on Wednesday (June 25) on r/askSingapore, u/InvestigatorSharp714 asked if others pay S$500 to their parents, adding that she is being asked to pay an additional S$500 to her sister, as she stays in her sister's flat. However, she seldom uses air-conditioning and appears to feel that this amount is too high. She described herself as a late bloomer at 29 who graduated this year and is on probation at her job for six months. While she can afford this, she feels that S$1000 is too much as she has no CPF savings and still needs to pay for an MOE tuition fee loan of around S$1000 a month until the debt is cleared. See also Woman says she waited 4 hours for her friend but was ghosted 'I plan to purchase a single-person flat and rely on my own money to retire instead of relying on marriage & kids,' the post author added, implying that the sooner she begins to save up, the better. Many commenters on her post urged her to negotiate with her parents and sister to lower the amount they're asking for, given that she just started working. Some pointed out that while it might be fair for her sister to charge an amount for rent, they found the mother's request 'audacious'. A Reddit user told her that she doesn't have to give her mum the amount she's being asked. 'Give whatever you deem fit. If she's unhappy about it, then just don't give her any altogether. You literally just started. Where is the money going to come from? Sky? She delulu. Hope you're able to get your own place as soon as possible within your means!' Others also encouraged her to move out as soon as possible to avoid family conflicts over money. 'Honestly moving out would actually cost more or about the same. Endure for now till you're more financially stable. At least you know money talks. Regardless of family or not, its always about money,' another wrote. 'Take that $1000 and rent a room somewhere else,' agreed a commenter. 'It's important to help out a family yes, and be thankful for the time and hard work they done for you during all those years of raising you. But if it was a crazy request you can't fulfil and affects your own personal needs and goals in life [the unselfish kind] you should try to discuss about it if you can do that with your parents [coz i can't with mine, she's a bit crazy]. 'Do not let what others want affect what you need. You should always give what you could spare,' another weighed in. The post author edited her post to say she's now planning on giving them S$250 each but will keep on paying S$1000 a month for her student loan so that it doesn't accumulate interest. /TISG Read also: 'People should stop looking at their kids as a retirement plan' — Netizens tell woman whose mum is unhappy with receiving 1/10 of her salary
Yahoo
3 days ago
- Business
- Yahoo
36/2025・Trifork Group: Reporting of transactions made by persons discharging managerial responsibilities
Company announcement no. 36 / 2025Schindellegi, Switzerland – 25 June 2025 Reporting of transactions made by persons discharging managerial responsibilities Pursuant to the Market Abuse Regulation Article 19, Trifork Group AG (Swiss company registration number CHE-474.101.854) ('Trifork') hereby notifies receipt of information of the following transactions made by persons discharging managerial responsibilities in Trifork in connection with fixed salaries paid in shares. Reference is made to company announcement no. 1/2025 on 21 January 2025. 1. Details of the person discharging managerial responsibilities/person closely associated a) Name Jørn Larsen 2. Reason for the notification a) Position/status CEO b) Initial notification/Amendment Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Trifork Group AG b) LEI 8945004BYZKXPESTBL36 4.1 Details of the transaction(s) a) Description of the financial instrument, type of instrumentIdentification code SharesISIN CH1111227810 b) Nature of the transaction A share of 25% of the fixed monthly salary is paid out in shares as described in the company announcement no. 1/2025. c) Price(s) and volume(s) Price(s) Volume(s) DKK 0 1,081 d) Aggregated information— Aggregated volume — Price N/A e) Date of the transaction 25 June 2025 f) Place of the transaction Outside a trading venue1. Details of the person discharging managerial responsibilities/person closely associated a) Name Kristian Wulf-Andersen 2. Reason for the notification a) Position/status CFO b) Initial notification/Amendment Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Trifork Group AG b) LEI 8945004BYZKXPESTBL36 4.1 Details of the transaction(s) a) Description of the financial instrument, type of instrumentIdentification code SharesISIN CH1111227810 b) Nature of the transaction A share of 10% of the fixed monthly salary is paid out in shares as described in the company announcement no. 1/2025. c) Price(s) and volume(s) Price(s) Volume(s) DKK 0 288 d) Aggregated information—Aggregated volume — Price N/A e) Date of the transaction 25 June 2025 f) Place of the transaction Outside a trading venue Investor and press contactFrederik Svanholm, Group Investment Director, frsv@ +41 79 357 73 17 About TriforkTrifork (Nasdaq Copenhagen: TRIFOR) is a pioneering global technology company, empowering enterprise and public sector customers with innovative digital products and solutions. With 1,215 professionals across 71 business units in 16 countries, Trifork specializes in designing, building, and operating advanced software across sectors such as public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. The Group's R&D arm, Trifork Labs, drives innovation by investing in and developing synergistic, high-potential technology companies. Learn more at Attachment CA_36_25_PDMRError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News.com.au
3 days ago
- Business
- News.com.au
Tradie apprentice reveals jaw-dropping salary
Aussies have been left shocked after an apprentice electrician revealed her six-figure salary. Getahead, an app that matches job seekers with employers, has a successful series on TikTok where they stop ordinary Aussies on the street and ask them about their salaries. A woman, who was recently stopped in Brisbane, revealed she worked for Queensland Rail as an apprentice electrician. 'I make probably about $100,000 a year at the moment,' she said. The young woman said she was only in the second year of her apprenticeship but was doing shift work to earn that much money. 'We do a rotating roster, so like, two weeks of day shifts, a week of night shifts, and the night shifts are where you make a lot of money,' she said. The budding electrician also pointed out that the type of electrical work she is doing means the money is better. 'I'm in substations, and you can also earn a bit more because it is high-risk work,' she said. The apprentice said she loves her work because it gives her a lot of 'freedom' and isn't too busy. 'You don't get run into the ground like a lot of other domestic sparkies out there,' she said The young worker admitted that she had previously thought she would become a nurse but ultimately decided to learn a trade because she figured it would pay well. She also said that, currently, she's the only female electrician at her work, but she hopes that will change in the next few years. Aussies were shocked to discover that someone still learning a trade could earn so much. 'No way! 2nd year on $100k. I call BS,' one said. But another replied and argued that she's doing 'night shift and roster work', so they didn't doubt she'd be making six figures. Someone else who claimed they had 30 years of experience said they were stunned to learn they earned around the same as a second-year apprentice. 'That's nuts,' the tradie wrote. 'I'm in my second year and get $39,000,' another said. One commented: 'My God! Apprentices on $100,000'. Other Aussies were thrilled to hear that the young woman was already doing so well for herself financially, with people branding her a 'legend' and a 'weapon'. 'Love this! She is articulate, well educated about her trade and willing to put in the hard work. I wish her every success,' one person wrote. 'Good on her,' someone else said. According to MIGAS, an apprentice group training organisation that specialises in employing and placing Australian apprentices, most young tradies are earning way less than $100,000. The organisation has offices all around Australia and reported that the award wage for first-year apprentices is $16.62 per hour. It increases to $19.53 in the second year, $20.99 in the third year, and $24.49 in the final year of the apprenticeship. Job search platform SEEK has found that the average salary for fully licensed electricians is between $90,000 and $110,000.
Daily Mail
4 days ago
- Business
- Daily Mail
My wife's new higher salary has made me depressed and less confident. What can I do? VICKY REYNAL answers
Is my wife's higher salary the reason for my depression? I am 46 and have been in a management role at the same firm for ten years. A year ago I started to feel quite low – less confident, more withdrawn from friends and arguing more with my wife. The only thing that has changed is she got promoted twice in two years and started earning more than me. Yet instead of feeling grateful that she's bringing in more money, I feel guilty that I'm not making more. I should point out she has never made me feel guilty, it's all me. How can I just accept the situation and not let her salary impact everything?
