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Manulife to invest B200m in upgrades.

Bangkok Post (Bangkok, Thailand)

| November 08, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Charoen Kittikanya

Nov. 8--Manulife Insurance (Thailand) Plc plans to invest about 200 million baht next year to improve its operations and upgrade technology.

"The funds will go toward updating our hardware and software to bring us in line with the sophisticated systems currently being used by Manulife globally," said general manager Peter Tan, who recently succeeded Vichai Buasamrit.

Mr Vichai had been the president and CEO of Interlife John Hancock Assurance, which was taken over last year and renamed by Manulife Financial Corp, Canada's biggest life insurer, as part of its acquisition of the US-based John Hancock group.

As ...

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Source: HighBeam Research, Manulife to invest B200m in upgrades.

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