On this episode, we chat with Mr. Tan Suee Chieh, former CEO of NTUC Income and NTUC Enterprise. Suee Chieh was a key voice raising concerns about the Income-Allianz deal when it first broke, and we’ve been trying to get him on the show since last October. After some scheduling delays, we finally made it happen in December 2024, and it was a super insightful conversation, where he talked about what it takes to build an exceptional culture, why he took the step of going public with his views about the deal, and why he believes we need to “reimagine” Singapore. If you have questions for him or want him back for more on this topic, drop a comment below!

(00:00) Intro
(01:51) Tan Suee Chieh's Background
(04:40) Career at Prudential
(09:10) The Income-Allianz Deal
(16:53) Clarifying Misunderstandings
(22:21) Parliamentary Discussion
(31:28) Intro to Capital Lock-In
(33:20) Shareholder Dilution and Trading Issues
(39:01) Social Justice and Actuarial Ethics
(44:54) Enterprise & Capital Injection
(49:02) Income's Social Role
(54:46) Pluralism In Business Models
(59:16) Commitment to Shareholders
(01:02:53) Importance of Exceptional Culture
(01:04:00) Role of Government Ministries
(01:08:47) Challenges of Silo Thinking
(01:10:57) Leadership and Future Vision
(01:13:50) One Shiok Thing

Find Tan Suee Chieh here!

• LinkedIn
• Website

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One Shiok Thing

• "SURELY You Can See This is Wrong?" Neil deGrasse Tyson on Elon Musk, Mars, Trans Sports & More
• Reflections on Palantir
• Wicked - Official Trailer

Mics and Headphones from @shure

Chairs from @ergotunechair

The Meat Club: Use the code “YLB20” for $20 off your order at https://themeatclub.com.sg/yahlahbut

Edited and mixed by Tristen Yeak

Donald Trump is officially back as the 47th President of the United States, and his inauguration speech felt more like a Game of Thrones coronation than a traditional ceremony. With Elon Musk and America’s billionaires front and center, we break down the key takeaways from Trump’s big return. Meanwhile, a scholarship ad by Hwa Chong International School sparked online outrage after netizens spotted the student in the ad wearing $1,690 Christian Dior sneakers. Is this an out-of-touch flex, or are we all overreacting?

(00:00) Tell You First
(01:47) Intro
(11:23) Trump’s Inauguration
(52:13) Hwa Chong Student’s $1,690 Dior Sneakers
(01:08:57) One Shiok Comment
(01:12:31) One Shiok Thing

Our New Podcast, TELL YOU FIRST

• Check out our new edutainment podcast that dives into a fascinating array of topics you never knew you needed to know!
• Listen on melisten
• Listen on Spotify
• Listen on Apple

Find us here!

• Our Website: https://www.ministryoffunny.com
• Reddit: https://www.reddit.com/r/YahLahBut/
• Telegram: https://t.me/YahLahButPodcast
• TikTok: https://www.tiktok.com/@yahlahbut
• IG: https://www.instagram.com/yahlahbut/
• YouTube: https://www.youtube.com/@yahlahbut

Trump’s Inauguration

• Analysis: The promise and peril of Trump's inaugural speech
• Donald Trump’s Second Inaugural Speech, Annotated
• What is an executive order? How they differ from proclamations
• What is an executive order, and what orders did Trump sign on day 1? | Donald Trump News

Hwa Chong Student’s $1,690 Dior Sneakers

• Hwa Chong Student Wears $1.7K Dior Sneakers In School Scholarship Poster

One Shiok Comment

• Comment from captainblackchest

One Shiok Thing

• Podcasting Politics in Singapore: Hegemony, Resistance, and Digital Media
• Boom XB-1 pushes the sound barrier before supersonic flight

Mics and Headphones from @shure

Chairs from @ergotunechair

The Meat Club: Use the code “YLB20” for $20 off your order at https://themeatclub.com.sg/yahlahbut

Edited and mixed by Tristen Yeak