#577 - Government Blocks NTUC Income-Allianz Deal At The Last Minute & Simu Liu Calls Out Cultural Appropriation of Bubble Tea

We all thought it was a done deal, but the Singapore Government has swooped in to block the sale of a majority stake of local insurer NTUC Income, to German company Allianz. Why? Well, buckle up–this episode gets pretty technical! We also look at the bigger questions Singaporeans are asking, like should we be grateful that such a bad deal got caught, or worried it almost went through? In other news, Simu Liu of Shang-Chi fame slammed a Canadian company for marketing its bubble tea drinks without acknowledging the drink’s Taiwanese origins. As they say, not all heroes wear capes!

(00:00) The Meat Club
(01:16) Intro
(07:20) Government blocks NTUC Income-Allianz Deal At The Last Minute
(46:44) Simu Liu Calls Out Cultural Appropriation of Bubble Tea
(01:08:27) One Shiok Comment
(01:09:41) One Shiok Thing

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Government blocks NTUC Income-Allianz Deal At The Last Minute

• Singapore blocks Income-Allianz deal but leaves door open if concerns over public interest are fully addressed - CNA
• Fraying of Allianz-Income deal shocks insiders; coming up with new proposal no easy task
• The Income-Allianz Deal Is Off (for Now), but How Did It Get So Far?
• CNA Explains: Why a global insurance giant was stopped from buying a majority stake in Singapore's Income - CNA
• Government rejects Income-Allianz insurance deal in current form, but door remains open to any new arrangement
• YLB 554 with Tan Kin Lian

Simu Liu Calls Out Cultural Appropriation of Bubble Tea

• Boba tea company apologises over Canada Dragon's Den row