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SINGAPORE: The Singapore Airways (SIA) launched at this time (28 June) disclosed that chief govt Goh Choon Phong acquired an annual wage of S$6.73 million for the fiscal yr 2022/23.
The attention-watering pay bundle, which represents a staggering 88% surge in comparison with his wage of S$3.59 million within the earlier yr, consists of a base pay of S$1.14 million, bonuses amounting to S$2.96 million, in addition to shares and advantages valued at S$2.63 million.
Mr Goh has been SIA CEO for greater than a decade. His newest annual remuneration comes as SIA set a brand new report with a web revenue of S$2.16 billion within the final monetary yr, because it overcame the droop introduced on by the COVID-19 pandemic.
The nationwide service’s spectacular monetary efficiency may be attributed to the sturdy restoration in journey demand, resulting in a major rebound from the earlier yr’s lack of S$962 million.
These earnings outcomes not solely mark a turning level for the airline but in addition signify the best revenue in its 76-year historical past, signifying a reversal from three consecutive years of losses brought on by the COVID-19 pandemic.
Earlier, SIA introduced that eligible workers would obtain roughly eight months of bonuses, comprising 6.65 months of bonuses and 1.5 months of compassionate bonuses, as a mark of appreciation for its workers’ dedication, efforts, and sacrifices.
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The put up SIA CEO’s wage jumps by whopping 88 per cent to $6.73 million appeared first on The Unbiased Singapore Information – Newest Breaking Information
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