IC shutters pre-need firm Prime Care Kaagapay Life Plan
The Insurance Commission (IC) has shuttered pre-need company Prime Care Kaagapay Life Plan Inc. for lacking enough capital to operate. In a June 8 notice to the public, Insurance Commissioner…
Cathay Pacific unveils $5B bailout plan
HONG KONG — Hong Kong airline Cathay Pacific announced a HK$39 billion ($5 billion) government-led bailout plan on Tuesday as it battles a crippling downturn caused by the coronavirus. Like…
Group questions gov’t rice import plan
The Federation of Free Farmers (FFF) has questioned the legality of the government’s move to import an additional 300,000 metric tons (MT) of rice on top of the imports being…
Gov’t unveils rescue plan for virus-plagued industries
The government may inject badly needed, albeit limited, capital into corporations and industries devastated by the new coronavirus disease pandemic, the country’s chief economist said Friday. Under the proposed Philippine…
Tokyo reveals 3-step plan to reopen businesses
Shrine maidens walk in the compound of Kanda shrine in Tokyo Friday, May 15, 2020. Tokyo is still under a coronavirus state of emergency until the end of May, though…
PLDT slashes 2020 spending plan by P20B
Telco giant PLDT Inc. is slashing its spending target this year by some P20 billion as strict quarantine measures around the country hampered its growth. From a record P83 billion…
Korean Air to submit self-rescue plan amid coronavirus pandemic
Yonhap via The Korea Herald/Asia News Network SEOUL — Korean Air Lines Co., South Korea’s top flag carrier, will draw up a 1.5 trillion won ($1.23 billion) self-rescue plan, including…
China weighs new fiscal stimulus plan
A teller counts cash at a bank branch in Hangzhou, capital of East China’s Zhejiang province. Photo by Hu Jianhuan/China Daily/Asia News Network BEIJING — China is close to unveiling…
PH’s biggest management group submits plan to resume public transport during COVID-19 lockdown
A business group proposed that only buses and trains be allowed to operate in Metro Manila in the meantime, opening modes of public transportation that it thinks are enough to…
PH economic stimulus plan sees pandemic lasting till midyear
Finance Secretary Carlos Dominguez III on Tuesday presented to the House of Representatives a P1.45-trillion package of fiscal measures to ensure that the economy would “bounce back” from the impact…