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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.
यह कहानी The Straits Times के July 12, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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