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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 ...
In Singapore, taxis can be flagged down at any time of the day along any public road outside of the Central Business District (CBD), while private hire cars can only be booked via ridesharing apps. Issues of high traffic and demand in certain locations and areas, particularly in the downtown area and other major buildings and establishments ...
Allianz's bid to take over Singapore's Income Insurance drew scrutiny from both public officials and prominent Singaporeans. How a Global 500 insurer’s $1.6 billion Singapore deal fell apart ...
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 ...
In May 1970, the National Trades Union Congress (NTUC) announced plans to provide a cooperative taxi and minibus service. [4] The cooperative was aimed to target the problem of pirate or "ali baba" taxis which were rampant in Singapore at that time, [5] and NTUC planned to get former pirate taxi drivers to drive the minibuses as part of the cooperative. [6]
Employment in Singapore, including the development and planning of Singapore workforce to achieve "globally competitive workforce in a sustainable manner," is managed under the jurisdiction of Ministry of Manpower. Other aspects of employment related functions as International Talent Promotion, Labour Relations, Management of Foreign Manpower ...
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]