Indonesia warned in Manulife case

Article Abstract:

World Bank unit International Finance Corp. (IFC) has sent a formal warning to the Indonesian government. The IFC said that police investigations into Canadian company Manulife Financial Corp.'s investments could damage foreign investors' image of Indonesia and its ability to enact financial reforms.

Legal issues & crime, Forecasts, trends, outlooks, Use of Funds, Foreign investments, Cases, Political activity, Investigations, Indonesia, World Bank, Criminal investigation, International Finance Corp

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Manulife may need to put cash into venture with troubled partner

Article Abstract:

Toronto, Ont.-based ManuLife Financial Corp. is expected to bail out its financially troubled partner, Japan's Daihyaku Mutual Life Insurance Co. Manulife and Daihyaku formed a joint venture firm, Manulife Century Insurance Co., in 1999.

Financial management, Finance

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Manulife to acquire Daihyaku business

Article Abstract:

Manufacturers Life Insurance Co. (Manulife) has reached an agreement to acquire Daihyaku Mutual Life Insurance Co. of Japan. As part of the deal, Manulife will assume the insolvent Daihyaku's balance sheet deficit, worth approximately C$2 billion.

Asset sales & divestitures, Acquisitions & mergers, Foreign operations, Mergers, acquisitions and divestments, Manufacturers Life Insurance Company (Philippines) Inc.

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