Manulife and Economic Recovery - Cover Story - magz.tempo.co

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Manulife and Economic Recovery

Tuesday, June 25, 2002

. tempo : 173234833533.

Goei Siauw Hong*
*Finance and investment observer

JUST as investor confidence is slowly returning, yet another blow is inflicted on Indonesia's ailing economy. This time, it was dealt by the decision of Jakarta's commercial court, declaring Asuransi Jiwa Manulife Indonesia (AJMI) bankrupt, for reasons too obviously fabricated to believe. The decision has not only infuriated Manulife Financial and the Canadian government, it has once a

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