[forum456]

https://www.straitstimes.com/opinion/for...ic-partner

The regulator, MCCY, gave Income an exemption from this requirement, on the understanding that the surplus would be transferred to a new corporate entity and strengthen its capital base. In violation of this understanding, Allianz proposed that Income should reduce its capital and return $1.8 billion to its shareholders.

Speaking in Parliament, Mr Tong said:  “We find it difficult to reconcile the proposed substantial capital reduction, soon after the transaction is completed, with Income’s representations to MCCY during the corporatisation exercise, that it was aiming to build up capital resources and enhance its financial strength.”

I think the leaders of Income and NTUC Enterprise should apologise to MCCY for not honouring this undertaking.

[sgbuffett]

Dont apoologise.... resign.

If they were not stopped they would have destroyed one of our institutions.

TKL build Income from nothing imto billion dollar company ...then these clowns took over.

[forum456]

Dont apoologise.... resign.

If they were not stopped they would have destroyed one of our institutions.

TKL build Income from nothing imto billion dollar company ...then these clowns took over.

i believe selling Income is their last resort.

what is the reason do you think that they need to sell Income ?

[p1acebo]

i believe selling Income is their last resort.

what is the reason do you think that they need to sell Income ?

To boost their own salaries 

[talky]

APOLOGY IS NOT THE CORRECT PENALTY

APOLOGY IS TOO TOO LENIENT

MUST SACK OR RESIGNED

[Ola]

My neighbour works in a few STat Boards

and calls them LAZY, even the employees in NTUC Income

Everyone sits around waiting for instructions

Just imagine PAP Ministers are mostly PART- Timers

WORST!

[talky]

My neighbour works in a few STat Boards

and calls them LAZY, even the employees in NTUC Income

Everyone sits around waiting for instructions

Just imagine PAP Ministers are mostly PART- Timers

WORST!

if only someone high up in pap has the urge n determination like 50% of ELON MUSK TO CUT WASTAGE there will not be fees n fares increses for the next 5 yrs!!

[Ola]

Why does NTUC Income fall under MCCY?

Tharman should start working and sack the CEO instead.

[starbugs]

Apologise also no use. Would only end up like JoTeo's apology.

[talky]

Apologise also no use. Would only end up like JoTeo's apology.

even need to make > a 1000 apology is still worth it to be paid >1.5m a yr

[Ola]

Apologise also no use. Would only end up like JoTeo's apology.

She still owes this Country another 9 APOLOGIES

When will she come out to say for each mistake?


Can start with this WAYANG? 

"Eye on Firms with Discrimination"  but how many companies are fined

ie 1% of their annual profits?

[Tee tiong huat]

Why does NTUC Income fall under MCCY?

Tharman should start working and sack the CEO instead.