{
    "success": true,
    "data": {
        "id": 1409977,
        "msgid": "mlc-raises-stake-in-ri-firm-1447893297",
        "date": "1998-07-17 00:00:00",
        "title": "MLC raises stake in RI firm",
        "author": null,
        "source": "REUTERS",
        "tags": null,
        "topic": null,
        "summary": "MLC raises stake in RI firm SYDNEY (Reuters): MLC Ltd, the life insurance and funds investment arm of Lend Lease Corp Ltd, said yesterday it has increased its investment in Indonesian life insurance joint venture Simas Lend Lease Life. MLC said it would spend A$2.7 million to increase its stake in the venture to 80 percent from 50 percent, as the company continued to seek opportunities to expand its Asian business.",
        "content": "<p>MLC raises stake in RI firm<\/p>\n<p>SYDNEY (Reuters): MLC Ltd, the life insurance and funds<br>\ninvestment arm of Lend Lease Corp Ltd, said yesterday it has<br>\nincreased its investment in Indonesian life insurance joint<br>\nventure Simas Lend Lease Life.<\/p>\n<p>MLC said it would spend A$2.7 million to increase its stake in<br>\nthe venture to 80 percent from 50 percent, as the company<br>\ncontinued to seek opportunities to expand its Asian business.<\/p>\n<p>\"Despite short term concerns and volatility, MLC is committed<br>\nto participating in the medium to longer term growth<br>\nopportunities in Indonesia,\" said MLC Financial Services Asia<br>\nchief executive Terry Baker.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/mlc-raises-stake-in-ri-firm-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}