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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 ...
Tan ran NTUC Income with the aim of providing the best value to the policyholders. This meant lower fees for insurance agents, encouragement of direct selling practices which bypassed the agents altogether, [6] and low operating expenses—throughout his 30-year term as CEO, Tan flew in economy class, even on long haul flights. This management ...
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]
On 15 September 1970, NTUC Income was established and as deputy secretary-general of NTUC, Sia was appointed as one of the seven life trustees. The other trustees included acting Prime Minister and Minister for Defence Goh Keng Swee, Minister for Law and Minister for National Development Edmund W. Barker and NTUC secretary-general Devan Nair ...
NTUC Income Insurance Co-Operative Pte Ltd: No. of stores and services: 156: No. of anchor tenants: 3 NTUC FairPrice Daiso My First Skool: Total retail floor area: 214,161 sq ft (19,896.2 m 2) No. of floors: 8 (2 basements + 6 retail levels) Parking: 200: Public transit access EW3 Simei: Website: Eastpoint Mall
NTUC FairPrice is the largest supermarket chain in Singapore. [2] The company is a co-operative of the National Trades Union Congress (NTUC). The group has more than 100 supermarkets across the island, with over 160 outlets of Cheers convenience stores island-wide.
NTUC may mean: National Trade Unions Confederation , national trade union center in Mauritius. National Trades Union Congress , a national trade union centre in Singapore.