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NTUC Enterprise
M&A
Ex-Income CEO 'welcomes’ government's Allianz-Income deal block; Allianz to consider revisions to proposed transaction
It is also not clear what Income might do after the capital extraction, for example to adjust or trim its insurance portfolio, and what impact this could have on policyholders: Minister Edwin Tong
October 15, 2024
M&A
Former NTUC Income and NTUC Enterprise CEO rebuts NTUC Enterprise’s points
Questions on the sale are set to be asked in Parliament during its next sitting on Aug 6.
August 05, 2024
M&A
NTUC Enterprise explains the difference between redeemable and irredeemable shares to former CEO
NTUC Enterprise explains difference between redeemable and irredeemable shares for capital adequacy purposes to Tan Suee Chieh.
August 04, 2024
M&A
Income Insurance: open letter, global backdrop, redeemable and irredeemable shares
Tan Suee Chieh, a former CEO of NTUC Income and NTUC Enterprise, has sent an open letter to MAS.
August 03, 2024
M&A
NTUC Enterprise issues further clarification statement, stresses its commitment to Income Insurance
In a July 30 statement, NTUC Enterprise said it always aims to have the best interests of Income Insurance and its stakeholders.
July 30, 2024
Global Economy
Briefs: China unexpectedly cuts one-year policy rate by most since 2020; NTUC Enterprise remains 'fully committed'
In other news this week: US yield curve steepens as Fed rate cuts loom; S&P 500 snaps longest streak.
July 25, 2024
M&A
NTUC Enterprise says it remains ‘fully committed’ to Income Insurance in clarification statement
NTUC Enterprise will remain a substantial shareholder after the close of the offer.
July 25, 2024
Finance
MoneyOwl to wind down financial advisory business by end-2023
MoneyOwl, a financial adviser owned by NTUC Enterprise is winding down its business
August 31, 2023
Fintech
Standard Chartered partners with NTUC Enterprise to set up digital bank
The Singaporean digital bank will be separately licensed and effectively compete against Standard Chartered itself.
September 06, 2021
Disruption and Digitalisation
StanChart and NTUC Enterprise plan Singapore digital-only bank
Standard Chartered PLC is planning its second digital-only bank in Asia, teaming up with a unit of Singapore’s biggest labor union, according to people familiar with the matter.
August 17, 2020