JAKARTA, July 8 — Indonesia plans to close down embattled state life insurer Asuransi Jiwasraya and set up a new company to settle outstanding claims, a move requiring state investment, media reported on Wednesday, citing a deputy minister.
Media Selangor Sdn Bhd, a subsidiary of the Selangor State Government (MBI), is a government media agency. In addition to Selangorkini and SelangorTV, the company also publishes portals and newspapers in Mandarin, Tamil and English.