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Pick good developer to avoid being victim of abandoned project: Expert

KUALA LUMPUR: A liquidator has warned prospective buyers of residential and commercial properties to look for reputable developers with good track rec. ....

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OJK to Balance Growth and Consumer Protection as Insurers Digitalize

OJK projects that more insurance companies will embrace digital transformation. ....

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Threats Against Iraq's Government Aired on al-Etejah TV

Kataib Hezbollah's al-Etejah TV is still airing false claims about the release of Qasim Muslih, as well as coup threats that draw comparisons to Yemen's Houthi takeover. ....

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Indonesia: Troubled insurer's restructuring nears final stage

The customer policy restructuring process of financially-stricken state-owned life insurer Asuransi Jiwasraya is approaching its final stage.
It is understood that more than 80% of Jiwasraya s customers have agreed to join the restructuring programme.
Jiwasraya, with the support of the government, seeks to reduce its losses and to maintain policy benefits for 2.5m Jiwasraya customers, reported
Kontan. However, as of the end of 2020, Jiwasraya s equity was negative at IDR38.64tn ($2.7bn), and the solvency ratio stood at -1,000.3%.
The restructuring programme involves the migration of Jiwasraya s policyholders and their policies to IFG Life, which was set up to resolve Jiwasraya s outstanding obligations to customers. IFG Life, established by the Ministry of State Owned Enterprises (BUMN Ministry), received its operating licence in April. The new insurer received an injection of funds from the government of IDR20tn. ....

Asuransi Jiwasraya , Ahmad Nasrullah , Toto Pranoto , University Of Indonesia , Bank Financial Industry Supervisory Department , Ministry Of State Owned Enterprises , Financial Services Authority , State Owned Enterprises , Pantro Pander , Life Amp Health , பல்கலைக்கழகம் ஆஃப் இந்தோனேசியா , அமைச்சகம் ஆஃப் நிலை ஓஂட் நிறுவனங்கள் , நிதி சேவைகள் அதிகாரம் , நிலை ஓஂட் நிறுவனங்கள் , வாழ்க்கை ஆம்ப் ஆரோக்கியம் ,