Culture, Community and Youth Minister Edwin Tong stated in parliament that it would not be in the public interest for a proposed transaction involving Income to proceed due to concerns about the company’s ability to fulfill its social mission. The government supports Income finding a strong partner for long-term financial sustainability, but the current deal lacks provisions to ensure the social mission is upheld. While the transaction will not go forward, the government is open to new arrangements as long as the issues raised are addressed, and there will be amendments to the Insurance Act to clarify MCCY’s role in such matters.
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Owner of burnt Toa Payoh flat fears for future, says his three children now have 'nothing'
SINGAPORE: A fire broke out at Mr. Tan Chee Siah's flat in Toa Payoh, injuring seven people, including a child and a firefighter. The fire, which started in the kitchen while Mr. Tan's wife was home alone, led to the complete destruction of the 10th-floor unit, leaving the family in a difficult financial situation as they seek temporary housing assistance.https://www.youtube.com/watch?v=Z-yqpt4p4Ls Want More Context? 🔎
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