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The Withdrawal of Allianz: A Win for the People or A PAP’s Election Strategy?

 The Withdrawal of Allianz:

A Win for the People or 

A PAP’s Election Strategy?


It looks like a win-win for Singaporeans and the PAP. Perhaps, the PAP understands “Don’t lose big for small things.” (不要因小失大).


The PAP is willing to compromise on many small things, like SimplyGo, even the recent NRIC issue.   But when it comes to money matters, GST, BTO, even the public transport fares, they will insist these are the right things to increase.


The outcome of the Allianz withdrawal is that no one loses money.   Allianz can find another investment opportunity. NTUC can find new

way of doing insurance business. While the PAP can claim credit for protecting Singapore interests.



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