Singapore blocks Income’s deal with Allianz
Singapore to block Allianz deal for Income but open to new offer, PM says
Singapore will block a bid by German insurer Allianz to buy a majority stake in Singapore's Income Insurance but remains open to a new deal if its concerns can be addressed, Prime Minister Lawrence Wong said in a Facebook post on Monday.
Singapore to Halt $1.69 Billion Allianz Deal for Majority Stake in Income Insurance
The Singapore government plans to put a halt to a proposed deal by Germany’s Allianz to buy a majority stake in Singapore insurance company Income Insurance.
Singapore Blocks $1.7 Billion Allianz-Income Insurance Deal
The Singapore government is seeking to stop a proposed deal by Allianz SE to buy a majority stake in Income Insurance Ltd. under its current form. Most Read from BloombergDubai’s Allure to Expats Is Weighing on City’s InfrastructureThe Master Plan That Shaped Pakistan’s Capital Is No Longer WorkingThe Cablebus Transformed Commutes in Mexico City’s Populous OutskirtsAs Brussels Booms,
Singapore blocks Income-Allianz deal but leaves door open if concerns over public interest are fully addressed
The Ministry of Culture, Community and Youth says it is not confident that the proposed transaction would not affect Income, or the co-op movement as a whole to carry out its social mission.
Singapore to block Allianz deal for Income, citing public interest, CNA reports citing minister
Singapore's government has decided it would not be in the public interest for German insurer Allianz to buy a majority stake in Singapore's Income Insurance for about $1.6 billion, Channel News Asia reported on Monday,
Singapore blocks Income’s deal with Allianz, as PM Wong cites ‘structure, terms’ concerns
Prime Minister Lawrence Wong says the government remains open to a new deal if the concerns are fully addressed.
Income-Allianz deal off on social concerns, says Singapore
The gov’t found no binding provisions in the deal to safeguard social mission post-acquisition. The Singapore Government has blocked the proposed acquisition of Income Insurance by insurer Allianz, citing concerns over the impact on Income's social mission.
Singapore keeps monetary policy steady
Singapore GDP Grew 2.1% Last Quarter on Manufacturing Rebound
Singapore’s economic growth accelerated in the third quarter, suggesting the recovery is gaining momentum in the face of ...
PLANetizen4h
Singapore: A Model for Longevity and Quality of Life
Singapore's remarkable rise in life expectancy, driven by government policies on health, green spaces, and social cohesion, ...
Channel NewsAsia Singapore2h
Shorter weeks, 'work from anywhere': More Singapore firms promoting workplace well-being
From no-meeting days to complimentary yoga sessions, companies are stepping up their game when it comes to nurturing their ...
Singapore Starts Trial of Opposition Leader in Lying Scandal
Singapore’s opposition leader started his trial on Monday for allegedly lying, potentially drawing more scrutiny on his party ...
Singapore Banks Expect Lower Rates, China Stimulus to Boost Wealth Business
DBS and Oversea-Chinese Banking Corp, Singapore's top two lenders, are set to report falls of 3% and 7.4% in third quarter ...
Indian Jailed In Singapore For Not Returning Money Mistakenly Sent To Him
A 47-year-old Indian national has been sentenced to nine weeks' jail by a Singapore court after he failed to return SGD ...
Channel NewsAsia Singapore5h
Singapore economy beats expectations to grow 4.1% in Q3 as manufacturing rebounds
Singapore's Q3 growth beat market expectations to hit 4.1%. Advance estimates showed it surpassed Q2's 2.9% growth, boosted ...
Singapore Q3 GDP up 4.1% Y/y, Preliminary Data Shows
SINGAPORE (Reuters) - Singapore's economy grew 4.1% in the third quarter from a year earlier, preliminary government data ...