#ntuc — Public Fediverse posts

https://www.europesays.com/ie/462643/ NTUC to commit $37 million to help workers in 2026 #Business #EconomicDisruption #Economy #Éire #IE #Ireland #MrNg #NgCheeMeng #NTUC #Singapore #SingaporeNationalEmployersFederation #UnionMembers

Oh wow! NTUC weighing scale now has a mini camera to detect and recommend the item for weighing.
#Singapore #NTUC

Income-Allianz deal: NTUC central committee didn't know about capital reduction plan
"NTUC’s central committee was briefed by #NTUC Enterprise & Income #Insurance on e “strategic imperatives” for the deal, but the #capitalreduction #plan wasn't highlighted to the central committee.. The proposed #Income - #Allianz deal had sought to decrease the #capital held by Income, returning some S$1.85 billion to #shareholders within 3 years"
👎A too-common #investmentbank #PE ploy!
https://www.channelnewsasia.com/singapore/income-allianz-deal-ntuc-central-committee-did-not-know-capital-reduction-plan-desmond-tan-4682446

#Singapore Income’s deal w Allianz raises fears of #profit over #socialmission
"In a letter in ST Jan 2022, CEO Income Andrew Yeo said e exercise wld only change Income’s legal form & e new entity wld remain an #NTUC #socialenterprise. “NTUC Enterprise will continue to be e #majorityshareholder of e new entity”.. former Gp CEO #NTUCEnterprise Tan SC, echoed tt e understanding was NTUC Enterprise wld remain majority shareholder. This understand'g was breached in < 2 years"
https://www.scmp.com/week-asia/economics/article/3272684/singapore-income-insurances-deal-allianz-raises-fears-profit-over-social-mission

#Singapore Income’s deal w Allianz raises fears of #profit over #socialmission
"In a letter in ST Jan 2022, CEO Income Andrew Yeo said e exercise wld only change Income’s legal form & e new entity wld remain an #NTUC #socialenterprise. “NTUC Enterprise will continue to be e #majorityshareholder of e new entity”.. former Gp CEO #NTUCEnterprise Tan SC, echoed tt e understanding was NTUC Enterprise wld remain majority shareholder. This understand'g was breached in < 2 years"
https://www.scmp.com/week-asia/economics/article/3272684/singapore-income-insurances-deal-allianz-raises-fears-profit-over-social-mission

#Singapore Income’s deal w Allianz raises fears of #profit over #socialmission
"In a letter in ST Jan 2022, CEO Income Andrew Yeo said e exercise wld only change Income’s legal form & e new entity wld remain an #NTUC #socialenterprise. “NTUC Enterprise will continue to be e #majorityshareholder of e new entity”.. former Gp CEO #NTUCEnterprise Tan SC, echoed tt e understanding was NTUC Enterprise wld remain majority shareholder. This understand'g was breached in < 2 years"
https://www.scmp.com/week-asia/economics/article/3272684/singapore-income-insurances-deal-allianz-raises-fears-profit-over-social-mission

#Singapore Income’s deal w Allianz raises fears of #profit over #socialmission
"In a letter in ST Jan 2022, CEO Income Andrew Yeo said e exercise wld only change Income’s legal form & e new entity wld remain an #NTUC #socialenterprise. “NTUC Enterprise will continue to be e #majorityshareholder of e new entity”.. former Gp CEO #NTUCEnterprise Tan SC, echoed tt e understanding was NTUC Enterprise wld remain majority shareholder. This understand'g was breached in < 2 years"
https://www.scmp.com/week-asia/economics/article/3272684/singapore-income-insurances-deal-allianz-raises-fears-profit-over-social-mission

#LetterOfTheWeek
#Allianz’s proposed deal w Income #Insurance
"None of e “+ves” expressed by indust experts is a #social outcome. All r #financial outcomes. It's important not to conflate e success of #Income as a biz w e success of Income as a social #cooperative.. Say'g tt Allianz will honour e terms of exist'g policies means little for future terms, products & customers.. hope #NTUC Ent doesn't take a short-sighted view & kill e golden goose of our societal foundation"
https://www.straitstimes.com/opinion/forum/forum-allianz-s-proposed-deal-with-income-insurance-deserves-intense-scrutiny

If #socialinstitutions dance too closely with #forprofit MNCs🤔🇸🇬

Income-Allianz deal raises concerns among #public, experts
"former CEO of #NTUC #Income #Cooperative, also weighed in, calling it a "breach of #goodfaith" given tt the #assurance from NTUC Enterprise to remain as #majority #shareholder was used to alleviate concerns about te #corporatisation in 2022.. Insurance Income was founded in 1970 to provide #essential, #affordable #insurance to #underserved #workers"
https://www.channelnewsasia.com/singapore/ntuc-income-insurance-allianz-deal-tan-suee-chieh-tommy-koh-4500751

If #socialinstitutions dance too closely with #forprofit MNCs🤔🇸🇬

Income-Allianz deal raises concerns among #public, experts
"former CEO of #NTUC #Income #Cooperative, also weighed in, calling it a "breach of #goodfaith" given tt the #assurance from NTUC Enterprise to remain as #majority #shareholder was used to alleviate concerns about te #corporatisation in 2022.. Insurance Income was founded in 1970 to provide #essential, #affordable #insurance to #underserved #workers"
https://www.channelnewsasia.com/singapore/ntuc-income-insurance-allianz-deal-tan-suee-chieh-tommy-koh-4500751

If #socialinstitutions dance too closely with #forprofit MNCs🤔🇸🇬

Income-Allianz deal raises concerns among #public, experts
"former CEO of #NTUC #Income #Cooperative, also weighed in, calling it a "breach of #goodfaith" given tt the #assurance from NTUC Enterprise to remain as #majority #shareholder was used to alleviate concerns about te #corporatisation in 2022.. Insurance Income was founded in 1970 to provide #essential, #affordable #insurance to #underserved #workers"
https://www.channelnewsasia.com/singapore/ntuc-income-insurance-allianz-deal-tan-suee-chieh-tommy-koh-4500751

If #socialinstitutions dance too closely with #forprofit MNCs🤔🇸🇬

Income-Allianz deal raises concerns among #public, experts
"former CEO of #NTUC #Income #Cooperative, also weighed in, calling it a "breach of #goodfaith" given tt the #assurance from NTUC Enterprise to remain as #majority #shareholder was used to alleviate concerns about te #corporatisation in 2022.. Insurance Income was founded in 1970 to provide #essential, #affordable #insurance to #underserved #workers"
https://www.channelnewsasia.com/singapore/ntuc-income-insurance-allianz-deal-tan-suee-chieh-tommy-koh-4500751