Marzuki in Lippo Net plans

Marzuki in Lippo Net plans

JAKARTA (JP): PT Asuransi Lippo Life Tbk announced on Monday
the appointment of former minister Marzuki Usman as its deputy
chairman to boost its e-commerce business.

Company chairman Billy Sindoro said in a statement on Monday
that Marzuki brought with him considerable experience in
economic, banking, financial and insurance affairs. Marzuki is a
former minister of investment, tourism, arts and culture.

Lippo Life announced last week plans to become Indonesia's
leading Internet business outlet, allocating Rp 1 trillion
(US$142 million) for the project.

Most of the investment is earmarked for developing computer
infrastructure and hiring information technology professionals.

The business will cover Internet insurance brokerage, banking,
securities brokerage, Internet shopping and provision of Internet
infrastructure. (03)