INDONESIA - TAKAFUL - Syarikat Takaful may go for M&As to secure bigger market share

www.thestar.com.my -PETALING JAYA: Syarikat Takaful Malaysia Bhd will focus on its core markets in Malaysia and Indonesia but does not rule out the possibility of mergers and acquisitions (M&As) in a bid to have a stronger foothold and a bigger market share in the takaful business.
Goup managing director Datuk Mohamed Hassan Kamil (pic) told StarBiz the company was now concentrating its efforts in growing the Malaysian and Indonesian market organically.
“Any M&A activities will be deliberated at our holding company level. Our main focus is to grow the business in Malaysia and Indonesia while continuously working hard to gain the top position and increase our market share.” (source)

INDONESIA - TAKAFUL - BIMB to potentially gain from Indonesian takaful market

www.theborneopost.com - KUCHING: BIMB Holdings Bhd (BIMB) could potentially see significant takaful contributions in the Indonesian takaful market its stake hold in PT Takaful Indonesia (PT Takaful).
However, pending the outcome of potential regulations by Indonesia’s central bank, the current contributions from the country’s takaful segment would not be significant for the time being.
Maybank Investment Bank Bhd (Maybank IB) director of Equity Markets (Research) Desmond Ch’ng told The Borneo Post that while there might be uncertainty surrounding BIMB’s 65 per cent owned Syarikat Takaful Malaysia Bhd’s (STMB) shareholding in PT Takaful, he did not expect this to immediately affect Maybank IB’s earnings forecasts or valuations for BIMB. (full story)

TAKAFUL - Takaful celebrate its anniversary with healthy walk program

Jakarta, (3/11). in lined with its 16th anniversary celebration PT Takaful Indonesia is conducting a healthy walk. They were 1200 participants of takaful employees and their families, last Sunday morning, October 31, 2010. Started at Arthaloka building Jl. Sudirman Jakarta and walking route was to Jl. Thamrin, Sarinah Dept. Store and back to Arthaloka building.

This event is in conjunction with the family gathering of Takaful Indonesia and witnessed by the Board of Commissioners, Board of Directors and shariah board of Takaful Indonesia, which is also the chairman of Baznaz. They were a live music performance by  Haddad Alwi, Vita and Anti.