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Bumiputera in uphill battle to find white knight

Regulator keen on private sector solution but little progress; backdoor listing plans marred by confusion

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Life insurer Bumiputera still has liabilities of around 20 trillion rupiah - far outstripping its assets worth 13-14 trillion rupiah.

Jakarta

INDONESIAN authorities seeking to shore up troubled life insurer Bumiputera have had little luck in finding a strategic investor and engineering a backdoor listing, increasing the likelihood that some form of state aid may have to be considered.

Despite restructuring under

sentifi.com

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