NTUC Enterprise defends sale of Income Insurance to Allianz amid public outcry

NTUC Enterprise addressed public outcry over the sale of a majority stake in Income Insurance to Allianz, valued at S$2.2 billion.
Critics, including former NTUC Income CEO Tan Suee Chieh and Ambassador-At-Large Dr Tommy Koh, argue the sale contradicts previous commitments and threatens Income's mission of affordable insurance.
NTUC Enterprise claims the partnership will enhance competitiveness, but public skepticism remains strong.
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[@MyHanck]

They won’t listen to the common folks because they think we are rubbish compared to them!

[@thionga8774]

As one who has worked many years in NTUC Income, and later in SNCF (Singapore National Cooperative Federation), I had once asked a question about which direction Singapore would be heading down the road. "Singapore Incorporated" or "Singapore Cooperated"? (The question was posed some time in early 1990s.) I think the answer to that question is now clear. But I have yet another question: What to do about it?

[@jeremyerh1]

Grab buy taxi company gov say no but insurance sell to overseas company can
So much of them saying all this important company must keep them in a watch

[@ralineshah3095]

The next on sale will be PAP !!!

[@rogerer7502]

Below 49% only can sell foreigner - no other reason

[@edisonchan5029]

How can NTUC Income sell shares to allianz, when allianz was charged in US for fraud and fine in 2022 May, thus exposing Singaporeans' to be rip off by allianz ??? If LKY is alive, will he allows this ?

[@Chu-vg2yu]

Make sense like selling private assets or selling your wife after fifty years. Big deal.

[@Khalid-sr5zp]

And the goverment still silence on this.