The proposed deal between NTUC Income and German insurer Allianz has been called off after government intervention. "The government has assessed the proposed transaction and has decided that it would not be in the public interest for the transaction, in its current form, to proceed," Culture, Community and Youth Minister Edwin Tong told parliament in a ministerial statement on Monday (Oct 14). He added that the government is open to any new arrangement if concerns that led to the transaction being blocked are addressed. #sgnews #singapore

The proposed deal between NTUC Income and German insurer Allianz has been called off after government intervention. Singapore's Culture, Community and Youth Minister Edwin Tong, whose ministry oversees cooperatives, says the proposed transaction in its current form is not in the public interest. He added that the government is open to new arrangement if concerns that led to the transaction being blocked are addressed. More details: https://cna.asia/3zWJqfv Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia

A fire has erupted on an oil tanker off the coast of Kühlungsborn in the Baltic Sea, prompting an urgent response from local authorities. Smoke is visible from the shoreline, and emergency teams are on the scene. The cause of the fire remains unknown, and the situation is still unfolding. Stay with LiveTube for real-time updates.

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