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Jakarta Post
The Jakarta Post
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Malacca Trust aims to turn profitable

  • Winny Tang

    The Jakarta Post

Jakarta | Thu, October 12 2017 | 01:50 am

PREMIUM Despite slow growth in the general insurance industry, PT Malacca Trust Wuwungan Insurance (MTWI) is upbeat in forecasting profits within two years after selling shares through an initial public offering (IPO).

The company, which is linked to the family of Indonesia's third president BJ Habibie, on Wednesday received Rp 31 billion (US$2.29 million) from selling 310 million new shares to th...