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

[consigliere]

Come I clap for him.
dunno means absolved from responsibility ah?

If foot soldier will tio this kinda questioning. If general level normally let off with no blame culture

 

[tauntme]

I can't believe he admitted this in public lmao

 

[yuzu28]

They should most employ peasants or farmers since elites can't value add

 

[Level42]

Hope more financial experts will scrutinize everything NTUC does from now onwards.

 

[galaxynote]

walao I aslo don't know u don't know

 

[enigmastar]

Time to act gong and distance themselve from the deal.

 

[Medicated Oil]

Dun blame me hor.

 

[singsangsong]

SINGAPORE: The central committee of the National Trades Union Congress (NTUC) only knew about the capital reduction plan in the proposed deal between Income Insurance and Allianz when it was announced in parliament, said deputy secretary-general Desmond Tan on Wednesday (Oct 16).
Responding to questions from MPs during the debate on the Insurance (Amendment) Bill, Mr Tan, who is also senior minister of state in the Prime Minister's Office, said that NTUC is a major shareholder of NTUC Enterprise, but does not get involved in the day-to-day running of operations.
He said that the NTUC’s central committee was briefed by NTUC Enterprise and Income Insurance on the “strategic imperatives” for the deal, but the capital reduction plan was not highlighted to the central committee.
“In fact, the central committee and myself only knew of this on Monday at the ministerial statement,” said Mr Tan.
The proposed Income-Allianz deal had sought to decrease the capital held by Income, returning some S$1.85 billion to shareholders within three years.
This is a developing story. Refresh for updates.

https://www.channelnewsasia.com/sin...46?cid=internal_sharetool_iphone_16102024_cna

Talk cock, lan_jiao la
Brother Ng now plead innocence and taiji awayz, saying he don't know anything.

He not tao eh? Tao don't know anything, then how can be tao?
Might as well hire AI be tao better, cuter and more pleasing to the eye.

 

[Zinna]

Everyone told them this is what happens when you sell to a for-profit organization.
What did they expect? For-profit capitalist organization will keep a social mission?
Really at a loss of words, yet another paper general who never worked in the commercial real world? Living in fantasy?

 

[henghengonedragon]

Got 3 meh?

Thought only CCS nia?

You forgot the general who likes to eat mangoes.

 

[yildun]

I think should open a COI to substantiate in public interest. Looks like there were lapses. No need to speculate.

 

[Zinna]

Also can the worker's party stop being useless and attack them on these points anot?

 

[bruiser69]

Wow! Ownself pay ownself wor. Allianz very smelly

 

[rider83]

SINGAPORE: The central committee of the National Trades Union Congress (NTUC) only knew about the capital reduction plan in the proposed deal between Income Insurance and Allianz when it was announced in parliament, said deputy secretary-general Desmond Tan on Wednesday (Oct 16).
Responding to questions from MPs during the debate on the Insurance (Amendment) Bill, Mr Tan, who is also senior minister of state in the Prime Minister's Office, said that NTUC is a major shareholder of NTUC Enterprise, but does not get involved in the day-to-day running of operations.
He said that the NTUC’s central committee was briefed by NTUC Enterprise and Income Insurance on the “strategic imperatives” for the deal, but the capital reduction plan was not highlighted to the central committee.
“In fact, the central committee and myself only knew of this on Monday at the ministerial statement,” said Mr Tan.
The proposed Income-Allianz deal had sought to decrease the capital held by Income, returning some S$1.85 billion to shareholders within three years.
This is a developing story. Refresh for updates.

https://www.channelnewsasia.com/sin...46?cid=internal_sharetool_iphone_16102024_cna

LMW was right again but Edwin Tong shot him by saying he mischaracterised.......

So this detail was hidden and LMW questioned about it in the Parliament. Those MPs who supported the deal without knowing or asking this detail should not be MP in the first place.

 

[Ironside]

CPIB should investigate, this is a bigger fish than iswaren

Something is wrong.

 

[Rock Hardy]

Singapore has the government it deserves.

 

[Dracky]

What is NCM doing at NTUC? He doesn't know what deals his NTUC Enterprise is working on?

 

[Jian19]

Ppl wan to jiak your coy and u didn't know ?

U go work everyday to fool around with your secretary?

 

[Suporter]

Wow, clarify like that means win liao...

 

[Whimsica]

Wow! Ownself pay ownself wor. Allianz very smelly

Yah looks more interested in engineering financial gains than building operations