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Burying Its Head in the Sand?

Tuesday, June 25, 2002

Ever since Manulife was declared bankrupt, it is likely that more foreign investors are steering clear of Indonesia. It might therefore be better not to get defensive, nor take too lightly any threats from Canada.

arsip tempo : 173511021364.

. tempo : 173511021364.

BOTH the world of business and the insurance sector were shaken. People are still talking about the controversial decision, two weeks after PT Asuransi Jiwa Manulife Indonesia (AJMI) was declared bankrupt by the Jakarta Commercial Court. The situation has heated up following sharp questioning from Bill Graham, the Canadian Foreign Minister (where Manulife comes from), that threaten a riposte to the verdict.

Following this, Canada's

...

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