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Ups and downs: How top S'pore companies rewarded CEOs
The Straits Times
|July 12, 2025
From telcos to banks, compensation packages for chief executives in Singapore can vary, based on sector performance, one-off gains or share awards.
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Here is what top companies across industries paid their CEOs, with differences in base salary, bonuses and one-off awards.
SINGTEL CEO YUEN KUAN MOON
For the financial year ended March 31, Mr Yuen earned $8.2 million, a 16.8 per cent increase from more than $7 million in FY2024.
His package included an estimated fixed salary of $1.3 million and benefits of $77,800. He also received a cash bonus and restricted share award of about $2.2 million each, and a performance share award of around $2.4 million.
For Singtel's FY2025 results, underlying net profit rose 9 per cent to $2.47 billion, while net profit jumped more than five times to $4.02 billion, boosted by a one-off $1.3 billion gain from the partial divestment of its Comcentre HQ.
FORMER SINGPOST CEO VINCENT PHANG
Mr Phang, who was dismissed over the mishandling of a whistle-blower complaint, had his compensation halved to $616,400 for the financial year ended March 31.
Singapore Post did not indicate if Mr Phang's salary was prorated. He received about $1.2 million in the previous financial year.
His payout comprised $570,600 in fixed salary, $10,500 in provident fund contributions and $35,200 in benefits.
The benefits generally include medical and flexible allowances, as well as other perks such as car allowance and long service awards.
Despite booking a net profit of $245.1 million, boosted by the one-off divestment of its Australia business, the group saw its underlying net profit fall 40.3 per cent to $24.8 million, with a net loss of some $500,000 in the second half.
FORMER DBS CEO PIYUSH GUPTA
Mr Gupta received a total remuneration of $17.6 million for the financial year ended Dec 31, 2024, a 56.5 per cent increase from $11.2 million in 2023.
This story is from the July 12, 2025 edition of The Straits Times.
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