But slower economic growth expected this year could spell leaner times for some chief executives (CEOs) and other company bosses, market watchers say.

Last year, CEOs at Singapore's 30 listed companies that make up the Straits Times Index enjoyed pay rises of between 20 per cent and 150 per cent, the company annual reports disclose.

This was mainly due to an increase in the bonus component, which formed as much as 80 per cent of a CEO's pay package, up from 70 per cent.

Directors were also generously paid. Total directors' remuneration, in general, rose between 20 per cent and 80 per cent.

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