Income was a co-operative when it was created in 1970 as NTUC Income Insurance Co-operative Limited. Under Section 88 of the Co-operative Societies Act, if a co-op is wound up, members will be paid their capital and dividends up to a cap. Beyond this limit, any surplus funds will be transferred to the Cooperative Societies … Read more
SINGAPORE: A new bus stop that has caused consternation among commuters due to poor visibility may be fitted with screens that display footage of approaching buses. Transport Minister Chee Hong Tat acknowledged that the bus stop opposite Parkway Parade mall had its “downside” but on Saturday (Jul 6) explained the reasons for its design and … Read more
Road safety has been in the spotlight in parliament with a high-profile accident in Tampines that killed two people, including a teenage girl, last month prompting questions from MPs. In response to questions from various MPs, the Ministry of Home Affairs said on Tuesday it will not be increasing the penalties for dangerous driving for now. … Read more
POSSIBLE HEADWINDS IN 2024 MPA attributed 2023’s strong performance to the recovery in regional trade and the “robust tripartite co-operation among the unions, industry and government to consistently enhance the consistently enhance the efficiency, reliability and safety in the Port of Singapore”. “The COVID-19 pandemic was a test for us, and we did not just … Read more
