Debate Over Minister Pay: Two Grown‑Up Cases, One Hot Topic
When a Chief Executive Says He Earns Less Than a Minister
In a curious twist, Mr Ho Kwon Ping, the chairman of resort giant Banyan Tree, told Channel NewsAsia that he’s paid “less than ministers.” His claim caught the eye of Deputy Prime Minister Teo Chee Hean, who stepped into Parliament on Monday (Oct 1) to set the record straight.
Back in September, when Mr Ho was asked about his earnings, he mentioned a total of just under $2.5 million—including salary, benefits, and bonuses—based on Banyan Tree Holdings’ 2017 annual report. That figure, Teo pointed out, is “significantly higher” than what ministers receive. So, the headline is: the supposed under‑paid business executive is actually out‑earning the legislators.
Why This Matters
- Ministers handle complex portfolios—anything from tourism to air transport—crucial for Singapore’s growth.
- Pay for these roles reflects “sacrifice, commitment, and service to the community.”
- The debate often turns sensational, provoking strong emotions and even political spin.
The Call for a Clear Compensation Framework
Mr Ho suggested an independent commission should decide ministers’ salaries, echoing a sentiment voiced by Mr Louis Ng (Nee Soon GRC) who urged greater public consultation. Meanwhile, Teo reminded members that an independent committee was formed back in 2012 specifically to design a fair, transparent framework for ministerial pay, drawing on wide consultations across Singapore.
According to Teo, this committee “has the interest of Singapore and Singaporeans at heart,” and has proposed a framework that balances:
- the demands and sacrifices inherent in public office,
- the need for a fair and honest system, and
- the appeal of youthful, capable, and honest leaders who can serve with integrity.
Looking Ahead: Building the Next Generation of Leaders
With 25 years in politics, Deputy PM Teo sees his vital role as preparing Prime Minister Lee Hsien Loong for not just a fourth‑generation leadership, but also for cultivating a fifth‑generation cohort. These future leaders, many in their 30s and 40s, are poised to reach the peak of their careers and should gain trust and support from Singaporeans.
Teo emphasized that the People’s Action Party seeks:
- Integrity,
- Capability,
- Commitment,
- Willingness to make the personal sacrifices politics demands—like forgoing privacy and family time.
As the discussion continues, it’s clear that the money isn’t just about numbers on a paycheck—it’s about the values and trust that underpin Singapore’s political fabric.
