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The proposal of a failed sign by global 500 insurers Alianz is now a political hot potato in Singapore’s elections



About 2.75 million Singaporean matches On May 3, choose a prime minister to vote in the general elections in the Southeast Asian country and lead the city in the next half.

And nine days of the election campaign, the shortest in the world, a Failed Deal Allianz, globally 500 insurance giant and last year, local insurer insurance dragged into the center of income insurance.

Allianz suggested for income insurance for $ 1.7 billion in July last year. The deal was controversial: Singaporeans are concerned that a new corporate owner’s income can be removed from the social mission to provide favorable insurance to Singapore.

A few months later, Singapore officials in October blockhead Deal. Allianz left the offer of capturing in December.

Now they are now increasing the defective deal to collect political points in the sides of the government’s motion party and its main opposition, the sides of the workers and the hot-speaking circles. The main topic of the discussion: Why Singaporean officials could not change their minds later and then question.

Speaking at the rally on Sunday NG Chee Meng, Chief of the National Business Association Congress, agreement The Labor Movement first felt that the proposal of the offer was reasonable and will strengthen income insurance. NG, working for a place in the Parliament of Singapore, responded to the evidence that the Union was against the agreement within the Pope Party.

Income insurance was part of the NTUC umbrella. Following the privatization of the income, the NTUC facility remains as many shareholders by taking about 72.8% of shares.

Still promised NG “better” During Sunday Rally. “We will do our best, sometimes I regret that this is not good enough.”

Former Prime Minister Lee Hsien Loong agreement The party of these workers, if the opposition party occupies the power, would confirm the income insurance agreement. He noted that the member of the parliament asked only one opposition to seize the opposition and informed the employee’s party to refuse an event to prevent the unification.

Pritam Singh, the leader of the employee’s party, in turn, accused PAP’s wage deputies did not ask about the deal last year.

Another WP member Harpreet Singh, Deputy Prime Minister Blood Kim Yong told his role in the Nursess Deal and respond A past income insurance is an open letter by Suee Chieh.

Letter addressed to GAN and published on April 27 Wordless questions Regulatory procedure on the changing role of NTUC and change in accountability.

Tuesday afternoon Gan any Why the opposition never asks the income contract. However, the Deputy Prime Minister also tried to explain why the Singapore government changed his mind on the proposal of Allianz. “We want to support the deal (ed) because this will help income. But when more details were given, we stopped the agreement,” he said.

On Saturday, the election, Pap leader will be the first political test for Prime Minister Lawrence Wong, who seized the party last year. In 1965, PAP, which has been managing Singapore since its independence, is expected to remain in power after the election.

This story was first displayed Fortune.com



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