The milk scare - AVA list of affected products

As of 24 September 2008, the AVA has detected melamine in an additional 5 products imported from China. Two are flavoured milk and three are confectioneries containing milk powder as an ingredient. They are :
i) Dutch Lady Banana Flavoured Milk;
ii) Dutch Lady Honeydew Flavoured Milk;
iii) Silang - House of Steamed Potato - Potato Cracker;
iv) 徐 福 记 Puffed Rice Rolls - Butter Corn Flavour; and
v) 徐 福 记 Puffed Rice Rolls - Cheese Flavour

This brings the total number of affected products to 8. The other products that were earlier found to be contaminated with melamine are:
i) Yi Li Choice Dairy Fruit Bar Yogurt Flavoured Ice Confection;
ii) Dutch Lady Strawberry Flavoured Milk; and
iii) White Rabbit Creamy Candy

Great Eastern Financial Strength in Times of Worries

Recent days have been real busy with the failing of top financial institutions in the world. Many of my clients were concerned about their policies with Great Eastern after what happened to AIG.

It was assuring to know that Great Eastern have more than enough capital and financial resources to honour all our obligations (ie claims, maturity proceeds, surrenders, and other liabilities) to policyholders at all times.

MAS requires all life insurance companies to have a minimum capital adequacy ratio of 120% for their life funds. Both Great Eastern Life and OAC have a capital adequacy ratio of over 250%.

Our life funds have insignificant exposure to sub-prime and Lehman securities. The majority of our life funds is invested in fixed income securities, including corporate and government bonds.