The Insurance Commission (IC) has placed another pre-need firm under conservatorship due to trust fund deficiencies, the Department of Finance (DOF) said on Thursday, March 3. In a statement released by the DOF, the IC said the agency ordered Eternal Plans Inc. (EPI) to be placed under...
The Insurance Commission (IC) lauded the state-owned Philippine Crop Insurance Corp. (PCIC) and CARD Pioneer Microinsurance, Inc. (CPMI) for an agreement on agriculture insurance. In a statement, Insurance Commissioner Dennis B. Funa said the co-insurance agreement between PCIC and CPMI would help...
The Duterte administration has so far borrowed more than P1 trillion from foreign lenders for the government’s coronavirus response, the Department of Finance (DOF) said. As of Jan. 14, 2022, the national government already raised a total of $22.55 billion, or roughly P1.15 trillion, in budgetary...
The Philippine Stock Exchange has halted the trading of DITO CME Holdings Corporation, the Udenna Group’s media, communications, entertainment and information technology (“IT”) subsidiary, pending the submission of a full and comprehensive disclosure on its unilateral move to defer its...
As the number of COVID-19 cases in the country increased, insurance claim payouts due to the pandemic hit P8.2 billion in the first nine months of last year, a survey conducted by the Insurance Commission revealed. In a statement, Insurance Commissioner Dennis B. Funa said on Monday, Jan. 31 that...
The Insurance Commission (IC) has placed pre-need firm Himlayang Pilipino Plans, Inc. (HPPI) under conservatorship due to poor financial management. In a statement, Insurance Commissioner Dennis B. Funa said on Monday, Jan. 24, that HPPI was placed under conservatorship following its “continuing...
Dennis Celestial, an overall creative force in fashion, passed away on Jan. 10, 2022. News about his demise was confirmed by colleagues and industry friends as they posted tributes remembering the legacy of the late designer. Dennis Celestial (Photo from his Instagram page) A graduate of the...
Dennis Padilla and Julia Barretto Comedian-actor Dennis Padilla has opened up about his relationship with daughter Julia Barretto. During a recent virtual conference, Dennis admitted that things are now okay, and they're rebuilding their relationship....
The Insurance Commission (IC) has ordered the immediate processing of claims related to Typhoon Odette. Under Circular Letter No. 2021-71, the IC directed insurers to adopt and implement claims management policies that will facilitate immediate processing of insurance, reinsurance, mutual benefit...
Opposition Senator Leila de Lima said the libel and cyberlibel charges that Energy Secretary Alfonso Cusi had filed against some members of the press over their coverage of the controversial Malampaya gas field buyout were frivolous and baseless. De Lima likened the suits filed by Cusi against the...
Senator Risa Hontiveros on Tuesday said Energy Secretary Alfonso Cusi and businessman Dennis Uy should reveal the “mystery shopper” instead of filing libel charges against members of the media for supposed unfair reporting over a graft complaint they’re facing over Uy’s controversial buyout...
The lawsuit filed by Energy Secretary Alfonso Cusi against seven media organizations, including the Manila Bulletin, for publishing a story on him and Davao City-based businessman Dennis Uy facing a graft complaint over irregularities in the Malampaya gas field buyout was meant to stifle freedom of...
