Great Eastern eyes growth markets; Q4 profit more than doubles
Singapore
INSURER Great Eastern, which reported a more than doubling in net profit in the fourth quarter, is looking to expand in Indonesia and expects to be among the top 10 insurers in the next five years in that country.
"I think top 10 would be a good aspiration for us," said its group chief executive officer Khor Hock Seng during a results briefing on Tuesday.
TRENDING NOW
Fed hike throws Singapore banks a margin lifeline; UOB most likely to feel impact
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Real-estate veteran Desmond Sim quits from CEO roles at Realion, ETC
Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part