Sense And Nonsense by Tan Bah Bah
When Dr Tommy Koh voiced his objection on July 23 to the sale of Income Insurance to Allianz, a German insurance company, his remarks could not have come at a more appropriate time.S Rajaratnam, The Authorised Biography, Volume Two: The Lion’s Roar.
“My mentor, Mr S Rajaratnam, once said that Singaporeans were in danger of becoming a people who knew theWe did not heed his warning. As a result, I fear that Singapore is in very grave danger of becoming a market society.” “Now we are told that it may be sold to a German insurance company. I don’t think it’s a good idea to sell Income Insurance.”
“NTUC Enterprise will also continue as an active shareholder of Income Insurance to keep it to its purpose and deliver social commitments to its policyholders.”Allianz will be the majority shareholder, however “active” NTUC Enterprise may wish to be. Already, commuters who have been supportive of NTUC Comfort have been shortchanged by decisions, policies and developments which have reduced the taxi service to the rump it is today and left, for example, the taxi-dependent elderly in the lurch and literally stranded on the roads.
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