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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 National Trades Union Congress (NTUC), also known as the Singapore National Trades Union Congress (SNTUC) internationally, is the sole national trade union centre in Singapore. NTUC leads the labour movement of Singapore , comprising 59 affiliated trade unions, 5 affiliated trade associations, 6 social enterprises, 6 related organisations ...
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]
Singapore’s government made a rare intervention in a merger deal, stepping in to block a controversial $1.7 billion deal by Germany’s Allianz to buy Income Insurance, a cooperative-turned ...
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 ...
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Tan's portfolio in 2007 mentioned more than 60 directorships and other corporate appointments. [8] Of these, the most notable was as Chairman of International Co-operative & Mutual Insurance Federation from 1992 to 1997, [9] [10] [11] an international organisation which at that time represented 123 insurance groups in 65 countries, employing 260,000 people.
Location of Singapore Singapore is a sovereign island country in maritime Southeast Asia. A global city, it has a highly developed market economy, based historically on extended entrepôt trade and more recently as a financial hub as well. Its economy is known as the most freest, most innovative, most competitive, most dynamic and most business-friendly in the world by various multinational ...