Income Insurance sold to German company Allianz. Singaporeans nothing to worry, premium will remain affordable

 SINGAPORE: Income Insurance will continue to provide affordable insurance for lower-income customers after the deal with Allianz, said NTUC Enterprise chairman Lim Boon Heng on Thursday (Jul 25) amid concerns about the German company buying a majority stake in the Singapore co-operative. CNA

There is now a hue and cry over the selling of a state enterprise that was started with the objective of keeping the cost of insurance low and really affordable for Singaporeans. Unlike the 3,000 supporters for the angmo that painted a 'prostitute' looking samsui woman, this time the public protest against this sale would not be well received. The sale will go through for sure.

And Lim Boon Heng has assured the Singaporeans that the premium would be affordable, just like the prices of HDB flats, also affordable for Singaporeans. Singaporeans need not worry.

The German company Allianz is a commercial enterprise with the objective of making profits. They did not buy Income Insurance to do charity for sure. Let's wait and see how this profit oriented company navigate to make insurance premium affordable to Singaporeans and still stay profitable. A clue, they can learn from HDB. If Singaporeans are happy with how HDB priced its flats and keep them affordable, then Singaporeans should have no worry about this Allianz takeover of Income Insurance.

Maybe there will be many subsidies and discounts for Singaporeans eg new buyers, young couples etc etc when they buy insurance from Allianz Insurance. Trust them. 

By the way, Income Insurance is another national institution sold, must be for profit. Definitely not sold at a loss. And Allianz must have seen this as a profitable business. Would SIA or DBS be sold for profit in the future?

PS. There are many ways to skin a cat.

USA is the greatest nuclear threat to the world. Iran needs nuclear weapons to protect against the American threat and bullying

 Knowing that Iran's religious constraints have, for decades, prevented Iran from acquiring nuclear weapons, the USA and Israel have been bullying Iran and telling the world that Iran having the bomb is a threat to the rest of the world. The reality is that Iran's possession of nukes is going to stop further harassments by the USA and Israel. That will put a stop to another theatre for war for the warmongers to exploit.

This was the same mantra that the USA and the West chanted about North Korea, telling the world that North Korea's nukes are a threat to world peace. Has North Korea used nukes on another country? Tell me, who in this world, other than the USA, has ever used nukes against another country? Who is the biggest threat using its nuclear arsenal to hold the world hostage?

Suffice to say, North Korea is just using its nuclear capabilities as a deterrent against the perennial threat of the USA, nothing more. That deterrent has more or less silenced the pre-occupation of the USA in trying to de-nuclearize North Korea. It is a done deal, and the USA cannot do anything about it. North Korea will never de-nuclearize, as it had worked for decades and for three generations to reach its present status as a nuclear nation.

In reality, had China not been in possession of nukes, the USA would have stepped over the heads of China long ago. Never mind about the numbers, because even a few nukes hitting the right strategic targets can do substantial damage as well.

China must continue to build up its nuclear deterrent, which is the only way to keep the USA at bay. In decades to come, as China rises further, the USA will become more jealous and envious of China and will create more antagonistic excuses to take China down for good.

Anonymous

USA and EU leaders never think beyond their long noses, and always get caught in their own web that they spun.

 There is no way the USA and the West can stop Chinese EVs or other products from dominating the market outside of the USA and EU. What steps they are taking is just punishing their own people in a world that had embraced globalization to benefit from products that can be produced with comparative advantages, and economies of scale, thereby resulting in cheaper and better goods.

Such globalization moves have led to innovations to improve production techniques and cheaper products accruing to different countries. The USA and EU are killing their own industries and putting them forever uncompetitive. Please forget about subsidies, as the USA is the biggest culprit using subsidies to compete unfairly and stealing jobs from other countries like Germany, which is being de-industrialized by Biden using his 'inflation reductions act' and giving massive subsidies to, among others, the semi-conductor sector.

As I always say, the USA and EU are not the only market available to Chinese manufacturers for products such as EVs, solar panels, wind turbines, container terminal cranes, and other consumer products. There is a bigger market growing in the Global South that need all these products, and this is the market that China is more interested in going forward. When decoupling is complete, even in banking and the SWIFT system, we shall see the real damage that the USA has done to its own economy and that of the EU.

The USA and EU leaders never think beyond their long noses, and always get caught in their own web that they spun. 

Anonymous

War for supremacy and domination between whites and non whites has started

 Those non-white Global South countries better be aware that the next war will be Whites against non-whites, whether they like it or not. The Whites are desperate and ganging up together to help the USA preserve its hegemony, which benefits them by being able to dumb down the non-white countries. It is the Whites pre-occupation since the dawn of time, with all the seizure of lands and genocides committed to achieve this objective.

There is no way that they will not go down fighting for survival by being on top of the food chain, and non-white countries have to close ranks to defeat this evil monster. India, especially, must wake up and not think they can get along with the Whites. India's destiny still lies with the non-whites of the Global South. India is gravely mistaken if it thinks otherwise.

Japan was a non-white country, trying to rise against the USA and was taken down sheepishly and put into USA 'iron clad' chains, unable to move freely. Even Germany, a White dominated country, was not spared when it threatened the USA economically. Germany lost its sovereignty long ago and is a mere puppet, heading and controlling the EU on behalf of the USA.

The USA and it White clique are just making use of India to counter China in its sight, nothing more and nothing less. They will not give India room to dominate, whether as a military superpower or an economic superpower to rival the USA. It is a mirage for India to expect that and be allowed to overtake the USA.

Annymous

Ah Q cowed to give moon samples to the American bullies

Ah Q is always Ah Q. After being Ah Q for a century, Ah Q's behaviour has become second nature. Ah Q does not mind being bullied, beaten, humiliated, discriminated, and may even think these are virtues, good things. So after being bullied and humiliated, Ah Q did not feel aggrieved and still wanted to be very nice to the bullies. Ah Q may, as what Ah Q is good at, find all kinds of silly excuses to justify its Ah Q behaviour, thinking that it is gentleman, 君子 , to be nice to bullies and rogues, even enemies. Let them bully, humiliate, beat, discriminate, demonise, sanction etc etc, Ah Q is a big man and would not behave like the bullies or rogues.

After several decades of being ostracised by the Americans, NASA, booted out of EU and International Space Station programmes, banned from entering the ISS, cut off from all cooperation in space technology, humiliated as not good enough to join the programmes, left out in the cold, basically treated as a pariah, Ah Q did not learn anything.

After a few weeks of pressure, or maybe sweet words, Ah Q has forgotten all the bullying and humiliation and willing to share the moon sample collected from the far side of the moon with its enemies, the bullying Americans! Can you believe this? After decades of being kicked around, isolated, blocked from all access and cooperation, Ah Q now willing to share its moon samples with the Americans? And the Americans openly called Ah Q enemies, everyday and everywhere attacking Ah Q, finding faults with Ah Q. And Ah Q still want to kiss the ass of the Americans!

What could be more humiliating is for the Americans to turn around and allege that the moon samples were fakes. Or the Americans may put up more sanctions against Ah Q for violating the American law, the Wolff Amendment, that forbids cooperation with the Americans in space technology. The Americans can then issue arrest warrants against Chinese officials in China Space Agency and repeat the Meng Wanzhou act. When it happens, Ah Q would become the laughing stock of the world. Even its citizens would laugh at Ah Q's stupidity.

愿意做 Ah Q， 因该给人骂， 给人打， 给人欺负，给人羞辱....