This is bad!

By Salma Khalik, Senior Health Correspondent
The Straits Times, 25 Feb 2014.


A second insurer has been taken to task by the Ministry of Health (MOH) over reduced payouts to policyholders on dialysis.

Two months ago, MOH asked insurer AIA not to reduce payouts to such policyholders, whose benefits shrank when they were moved to a different health plan. About 20 end-stage kidney failure patients on dialysis were affected.

Now, it has told Aviva not to short-change similar patients.

The moves follow queries by The Straits Times to MOH about the reduced payouts.

fireworks at Pteris Global. Set off by Winston Tan Tien Hin, a major shareholder

By Melissa Tan (Straits Times)

A major shareholder and director of loss-making Pteris Global is trying to oust the chairman and other directors from the board, ahead of a reverse takeover (RTO) of the former market darling.

Mr Winston Tan, who holds slightly more than 10 per cent of the company, has called for an extraordinary general meeting (EGM) to vote on the removal of the other directors, Pteris said in a Singapore Exchange filing on Tuesday.

He said in a statement that Pteris, an airport logistics services provider, had been engaged in "non-profitable" projects and that its management and board "have failed to build value for its shareholders".

He added that the terms of a proposed RTO of Pteris "do not seem to serve the shareholders' interest"

Fireworks starting at Pteris. How can a RTO agreement be fought over?


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