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Cayman’s Salvitas Bought 15.75% Asuransi Tugu Shares

JAKARTA (TheInsiderStories) - Salvitas Limited, a company from Cayman Islands, bought 15.75 percent or 280 million shares of PT Asuransi Tugu Pratama Indonesia Tbk...

Indonesia’s Paninvest Bought Panin Financial Shares

JAKARTA (TheInsiderStories) - Indonesian insurance firm, PT Panininvest Tbk (IDX: PNIN) bought 157.76 million shares of PT Panin Financial Tbk (IDX: PNLF) for Rp44 billion (US$29.33...

Commonwealth Sell 80% Indonesian Unit to FWD Group for US$426M

JAKARTA (TheInsiderStories) - Australia's Commonwealth Bank (CB) today announced the sale of its 80 percent interest in its Indonesian life insurance business, PT Commonwealth Life (CL),...