Public sector year-end bonus a 'reasonable, credible signal' to rest of economy: Analyst

Civil servants will be getting their lowest year-end bonus since the global financial crisis a decade ago. The public service division has said it is "exercising restraint" in view of economic uncertainties. Most civil servants will get a 0.1-month bonus, with an added one-off lump-sum payment of up to $1,500. Mr Jamus Lim, economist at Thirdrock Group and associate professor at Essec Business School, was in the studio to discuss the economic outlook and whether spending will be affected.

Subscribe to our channel here:

Subscribe to our news service on Telegram:

Follow us:
CNA:
CNA Lifestyle:
Facebook:
Instagram:
Twitter:

CNA,Channel NewsAsia,civil servants,year-end bonus,economic uncertainties,Singapore economy,public service,