The Financial Services Authority is reviewing a new scheme to save troubled AJB Bumiputera 1912 mutual insurance company, the oldest insurance firm in the country, after more than a year of attempting to restructure the...
Read MoreOther than MUFG’s acquisition of Bank Danamon, Indonesian banking sector will see incoming investment of more than US$600 million in Bank Muamalat, the pioneer of sharia banking in Indonesia, this year. Some Chinese investors are also seeking acquisition opportunities in the banking sector alongside the growth of trade and investments.
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