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[13] [14] The company was replaced by Singapore Bus Service (1978) Limited on 17 February 1978, which was then listed on the Stock Exchange of Singapore (SES) on 26 June the same year. [15] [16] [12] By the 1990s, the company has diversified to other land transport businesses such as taxis, as well as property and engineering businesses.
By doing so, it contributed to the development of the retakaful sector, which historically saw much of its business ceded to international markets outside of Asia. [ 15 ] [ 16 ] The new entity was established with an initial capital of US$300 million, positioning it as the world's largest retakaful (Islamic reinsurance) company at the time.
Pages in category "Insurance companies of Singapore" The following 5 pages are in this category, out of 5 total. This list may not reflect recent changes. A.
Ratings for insurance companies matter because they highlight the financial stability of an insurer and help people gauge if the company will be able to provide them with the money they need in ...
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 ...
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-company.
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 ...
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.
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