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In July 2024, the NTUC Enterprise co-operative gave an irrevocable undertaking to sell a majority 51% stake of Income Insurance Ltd to German insurer Allianz. [13]NTUC Enterprise Chairman Lim Boon Heng stated that "is a capital-intensive business and to grow, there is a need to tap the capital markets" and that the sale was necessary because the "strength of Allianz’s financial position will ...
The PAP has governed Singapore since its general election victory in 1959. Since the NTUC's inception, relations between the PAP and NTUC are very close, and have often resulted in members concurrently holding office in both organisations. The NTUC's founder, Devan Nair, was a PAP stalwart and later served as President of Singapore.
He was appointed, as the Group Chief Executive at NTUC Enterprise on 1 October 2013. [1] Previously Tan was Chief Executive of NTUC Income Insurance Co-operative Limited in Singapore from February 2007 to September 2013. He has served as a member of the organization's Board of Directors since 2003. [2]
NTUC, along with its tripartite partners, the Singapore National Employers Federation (SNEF) and Ministry of Manpower (MOM), work together to tackle issues such as job re-creation, raising the effective retirement age, skills training and upgrading of the workforce, promotion of fair and progressive employment practices, and a flexible wage ...
Tan ran NTUC Income with the aim of providing the best value to the policyholders. This meant lower fees for insurance agents, encouragement of direct selling practices which bypassed the agents altogether, [6] and low operating expenses—throughout his 30-year term as CEO, Tan flew in economy class, even on long haul flights. This management ...
A handcuffed inmate whose fatal beating by correctional officers last year sparked outrage died by homicide, according to findings of an autopsy report a lawyer for the man's family shared Wednesday.
Ng Chee Meng PJG PPA(E) PPA(G) PBS (Chinese: 黄志明; Pe̍h-ōe-jī: N̂g Chì-bêng; pinyin: Huáng Zhìmíng; born 8 August 1968) [1] is a Singaporean politician, union leader and former lieutenant-general who is a member of the governing People's Action Party (PAP) and has been serving as Secretary-General of the National Trades Union Congress (NTUC) since 2018.
Home insurance, also commonly called homeowner's insurance (often abbreviated in the US real estate industry as HOI [note 1]), is a type of property insurance that ...