[Consolidated] Income Insurance, Allianz in talks on tie-up, seeking regulatory approval

[Bam25th]

https://www.ntuc.org.sg/uportal/about-us/ntuc-central-committee


Just see how many PAP members inside there lor.....

Wonder if there’s a way to check how much Income shares they own.

At $40+ a share, really Huat Huat for them

 

[Kiwi8]

Knn this looks very smelly and suspicion of conflict of interest.

 

[elimmel]

End of the day premiums will raise across the board regardless of what insurer you’re with.
If the sale goes through, Allianz will want to recoup their investment which means increasing premiums. The other insurers will follow suit. Even now without this sale, premiums already heading north

 

[Bam25th]

if want make money, just raise price for insurance premiums and they have to pay up


dare to do this in election year?
sure bo, whoever it belongs to really no brain

Ya surprised they do this right before the election.

Maybe some elites wanted to “test” Lawrence. If he passes and stop this acquisition, he will win a lot of votes and solidify his position. If he fails, then nvm, still got 60%, won’t change anything much except maybe less standing within party…..

 

[jimmy]

Last time is called NTUC Fairprice.

Now only called Fairprice.

Does it mean next time NTUC Enterprise CEO decide ok also can sell off Fairprice?

Now is corporatised already, not cooperative anymore leh

FairPrice is the one pushing prices up.

Today FairPrice just bid and whack any prime spot in malls. Cold Storage (Giant) and Sheng Siong are now more heartland than FairPrice who went on opening a branch in Clark Quay when it should be Jason’s.

 

[Foetid]

Last time is called NTUC Fairprice.

Now only called Fairprice.

Does it mean next time NTUC Enterprise CEO decide ok also can sell off Fairprice?

Now is corporatised already, not cooperative anymore leh

CEO went to becomes speaker of parliament.

 

[LocalRider]

Intend is intend mah

later change of Mgmt or whatever just say no longer align with co direction etc or whatever, say wana reshuffle means reshuffle right ????
Can say no by then?

51% means they do what they want lor

 

[cloh2023]

I think if the sale goes through, shield premiums will skyrocket. All other insurers will just follow, means every shield policyholder regardless insured by which will have to pay a lot more.

end of day, we will all become insurance agents

 

[Evil Slayer]

Wonder if there’s a way to check how much Income shares they own.

At $40+ a share, really Huat Huat for them

Their shares are too small to be reported to SGX but can huat massively.....

 

[eAtNeAt]

No one asks who owns ntuc and how it's other subsidiaries are structured.

 

[Evil Slayer]

FairPrice is the one pushing prices up.

Today FairPrice just bid and whack any prime spot in malls. Cold Storage (Giant) and Sheng Siong are now more heartland than FairPrice who went on opening a branch in Clark Quay when it should be Jason’s.

For CSG, it is understandable as CS is atas brand and Giant is heartlands brand. Sheng Siong also understandable because they started out from the heartlands where the current CEO started out in rough circumstances and is probably happy to be at the heartlands...


Fairprice on the other hand is wtf....

 

[ckt1978]

i hope MAS conduct a thorough investigation over this issue

and i hope MAS block this deal

i think they will sell MAS if they can.

 

[abrams75]

i think they will sell MAS if they can.

sad that local asset is up for sale one by one. I am not sure what it stand for as a home grown institution to protect Singaporean interest or become privatize for corporate gain

 

[bombshell]

Whats so good about being a "social enterprise"?
NTUC foodfare, NTUC fairprice, NTUC income... can name anything they actually offered that no other competitors can match?

POSB sold to DBS, now every week they blanja me 1 free breakfast. Thats more social enterprise than the whole NTUC liao.

 

[Orionz]

no such thing as social enterprise in sg

Gahment ish the biggest towkay in sg

 

[Spike]

Why can sell NTUC Income but cannot sell EDMW NTUC points?

 

[grevq80o]

Whats so good about being a "social enterprise"?
NTUC foodfare, NTUC fairprice, NTUC income... can name anything they actually offered that no other competitors can match?

POSB sold to DBS, now every week they blanja me 1 free breakfast. Thats more social enterprise than the whole NTUC liao.

U might as well sell away ur hse to me and rent from me. Like that u get $$$ to further invest and grow ur $$$.

 

[PeanutButtor]

Insurance will get expensive... ntuc just advance gettinv ride of burden?

 

[bombshell]

Why can sell NTUC Income but cannot sell EDMW NTUC points?

NTUC pts earn enough can exchange for getting a life leh.

 

[bombshell]

U might as well sell away ur hse to me and rent from me. Like that u get $$$ to further invest and grow ur $$$.

Har? simi EDMW logic is this?