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Mon May 12, 2008 |
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Breaking financial news 24/7 courtesy of TradingCharts.com Inc. / TFC Commodity Charts |
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May 09, 2008 (AsiaPulse via COMTEX) -- An executive briefing on insurance for May 9, 2008, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. PERTAMINA WANTS TO LIFT STAKE IN TUGU PRATAMA INDONESIA JAKARTA - State-owned oil and gas company PT Pertamina wants to increase its stake in insurance subsidiary PT Tugu Pratama Indonesia. Pertamina plans to take over 17.5 per cent stake owned by state owned asset management company PT Perusahaan Pengelola Aset (PPA), Tugu Pratama President M. Afdal Bahaudin said. PING AN INSURANCE SAYS IT WON'T ISSUE MORE A-SHARES FOR 6 MONTHS BEIJING - Ping An Insurance Co., Ltd. (SSX:601318) said Thursday that after careful consideration, the company will not consider to submit any application for making an additional issue of A-shares within at least six months, as the conditions and timing for applying for such refinance are not ripe at the current period when China's capital market is quite volatile. The company also said it will give prudent considerations to the timing for applying for and issuing convertible bonds with warrants in line with the market conditions and the acceptance of investors. IRAN, TAJIKISTAN REACH AGREEMENT ON INSURANCE COOPERATION TEHRAN - The 7th meeting Iran-Tajikistan Joint Economic Cooperation Commission ended in Tehran Wednesday. During the meeting, an agreement on insurance cooperation was signed by the two countries. |
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(C) 2008 Asia Pulse Pte Ltd Please read the End User Agreement. News provided by COMTEX |
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