Principal opens new office

Principal opens new office

JAKARTA (JP): Principal Indonesia, a retirement plan and
service company, has opened a representative office in Semarang
as part of its commitment to develop the market in Central Java
and Yogyakarta.

Company president Dough Rasmussen said in a statement on
Monday the prospects for the retirement market in the region were
promising given the large size of the local workforce and an
increasing awareness of pension plans.

"Our new representative office in Semarang is the first step
in developing the retirement market outside of Jakarta. After
this, Principal will set up offices in other major cities." (hen)