Lee Hsien Yang -- the second son of Minister Mentor Lee Kuan Yew, the founding father of modern Singapore -- was paid S$2.22 million (US$1.39 million) in cash for the year to March 31, 2006, up 4.2 percent from S$2.13 million in the previous year.

Lee, 48, the brother of Prime Minister Lee Hsien Loong, was also granted a total of up to 1.64 million performance shares under the SingTel Performance Share plan.

Lee has served as SingTel's chief executive since May 1995.

Chua Sock Koong, SingTel's chief financial officer and chief executive of its international operations, received cash of S$1.44 million and a total of up to 1.04 million performance shares in FY2006, the report said.

She was paid between S$2.0 million and S$2.25 million in the previous financial year, which includes performance shares valued at the point of grant.

The chief of Australian unit Optus, Paul O'Sullivan, was paid cash of S$2.28 million, and obtained a total of up to 833,482 performance shares.

This compares with his salary of between S$2.75 million and S$3.0 million in the previous financial year, which includes performance shares valued at the point of grant.

SingTel, Singapore's largest listed firm and 54.3 percent-owned by state investment agency Temasek Holdings Ltd, reported a 27 percent jump in net profit to S$4.16 million for the year ended March 31.

Underlying net profit -- which excludes exceptionals -- rose 7.7 percent to S$3.3 million.

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