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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 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.
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,
Allianz to consider revising Income offer after current deal blocked by Singapore Govt
Income and NTUC Enterprise said that they will work closely with relevant stakeholders to decide on the next course of action. Read more at straitstimes.com.
Singapore blocks Income Insurance’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.
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,
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 keeps monetary policy steady as Q3 growth picks up; analysts bet on Jan easing
Singapore's central bank on Monday kept its monetary policy settings unchanged, as expected, in its last scheduled review of the year.
Singapore Central Bank Keeps Policy Unchanged for Sixth Straight Time
Singapore’s growth momentum has picked up and the negative output gap is projected to close in H2 2024,” the MAS said.
Singapore keeps monetary policy steady as Q3 growth picks up
Singapore's central bank on Monday left its monetary settings unchanged, as expected, as data showed the economy perked up in the third quarter though analysts are betting on a loosening in policy early next year to guard against external risks.
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Singapore economy grows 4.1% in 3Q on manufacturing rebound
SINGAPORE: Singapore’s economy grew 4.1% year-on-year (y-o-y) in the third quarter of 2024, much faster than the 2.9% growth ...
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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, ...
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Singapore to criminalize ‘egregious abuses’ of the court process
The Singapore Ministry of Law introduced the Administration of Justice (Protection) (Amendment) Bill, 2024, to Parliament on ...
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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 ...
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Singapore banks expect lower rates, China stimulus to boost wealth business
Singaporean banks' mainstay wealth businesses are set to drive growth in the near-term on interest rate cuts and hopes of a ...
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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 ...
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Singapore draws S$5.4 billion in H1 investment commitments, on track for full-year target: Gan Kim Yong
SINGAPORE continues to draw strong investments despite global corporate shifts, with the Singapore Economic Development Board ...
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