Allianz records 68% growth<\/p>\n
JAKARTA: Insurance firm PT Asuransi Allianz Life Indonesia
\nrecorded Rp 266.7 billion (U$31.3 million) in gross written
\npremiums in the first half of the year, a 68 percent increase on
\nthe same period last year.<\/p>\n
The firm offers products like health and life insurance, the
\nformer being its fastest-growing business line.<\/p>\n
The firm is among the top 10 life insurance companies in
\nIndonesia, with 230 branches in 35 cities throughout the country
\nand 250,000 individual and corporate customers.<\/p>\n
The company said in a statement that during the same period
\nits sister company PT Asuransi Allianz Utama Indonesia, which
\noffers products like property and engineering insurance, booked
\nRp 320.7 billion in gross written premiums, up 32 percent on the
\nsame period last year.<\/p>\n
Allianz Utama has 7 branch offices nationwide.<\/p>\n
Both firms are subsidiaries of German financial giant Allianz
\nAG. -JP<\/p>\n
;;
\nANPAf..r..
\nCorporateBrief-PGN-bond
\nPGN to price global bond today
\nJP\/14\/PGN<\/p>\n
PGN to price global bond today<\/p>\n
JAKARTA: Indonesia's state-owned gas utility PT Perusahaan Gas
\nNegara will price its US$150-million global bond on Wednesday in
\nSingapore, an official with the company said on Tuesday.<\/p>\n
Washington Simanjuntak, PGN's president, told reporters that
\nthe company will price the 10-year bond at a yield not more than
\n8 percent.<\/p>\n
People familiar with the deal had said PGN was seeking a 7.75
\npercent yield.<\/p>\n
"We will dismiss bids asking for yields above 8 percent,"
\nSimanjuntak added.<\/p>\n
He confirmed on Monday report by Dow Jones that the company
\nhad decided to reduce the bond size to $150 million from $200
\nmillion. The company was forced to delay the bond issue after the
\nJakarta hotel bombing last month affected sentiment in the local
\nbond market.<\/p>\n
The company hopes that by lowering the offer amount it will
\nstill be able to price the bond at the original indicative level.<\/p>\n
Still, Washington said he's hopeful the company will sell $200
\nmillion Wednesday as market sentiment is improving.<\/p>\n
PGN will use the money raised to help finance its South
\nSumatra-West Java gas pipeline project. -- Dow Jones<\/p>\n
;;
\nANPAf..r..
\nCorporateBrief-S'pore-RI
\nSingaporean eyes Jakarta market
\nJP\/14\/Jakarta<\/p>\n
Singaporean eyes Jakarta market<\/p>\n
SINGAPORE: A Singapore-based tycoon is pumping millions of dollars into a
\nJakarta car complex that will house a showroom and after-sales
\nfacility for Porsche, Rolls-Royce and Saab.<\/p>\n
"I'm really focusing a lot of energy on Indonesia," Karsono
\nKwee told The Straits Times on Tuesday. "The people there are
\neither very poor or very rich," he said. "The market has a lot of
\npotential."<\/p>\n
Kwee, who landed the Rolls-Royce, Porsche and Saab franchises
\nfor Indonesia, is spending S$10 million (US$5.6 million) to build
\na four-storey complex in Pondok Indah, a prestigious commercial
\ndistrict of the capital.<\/p>\n
The building, on a 2,250-square-meter plot, is expected to be
\ncompleted in December.<\/p>\n
It will be followed by another in Surabaya in the next six to
\n12 months, said Kwee, who also sells Porsches, Rolls-Royces,
\nSaabs, Opels and Mg Rovers in Singapore.<\/p>\n
A native of Surabaya, Kwee said that his plans were undeterred
\nby the recent bomb blast that rocked the JW Marriott Hotel in
\nJakarta. -- DPA<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/allianz-records-68-growth-1447899208",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}