Philippines News

Concern Over Pig Virus Prompts Philippines to Ban German Pork

The Philippines restricted pork imports from Germany, citing concerns about food safety in one of the world’s major shippers, as Asian countries battle to stop a deadly pig virus spreading. From July 2, the Philippines temporarily banned pork from German …

Fire at Huge Philippines Factory Complex Injures More Than 100

More than 100 workers, including three Japanese, were injured and at least three were missing in a fire that hit a huge factory south of Manila and sent thousands of employees running to safety, an official said Thursday. The fire …

JLT Re Appoints Pang as Philippines Managing Director

JLT Re, the global provider of reinsurance broking and consultancy, announced the appointment of William Pang as managing director for JLT Re Philippines, subject to regulatory approval. Pang will be relocating to Manila in the first quarter of 2017. He …

Philippines Readies for Super Typhoon Haima – in 2nd Storm in a Week

The Philippines raised the storm alert for two northern provinces to its highest level as authorities moved people to safer ground, canceled work and suspended flights before Super Typhoon Haima is due to make landfall as soon as Wednesday night. …

Typhoon Sarika Hits Philippines, Killing at Least 2 People, Displacing Thousands

Typhoon Sarika made landfall in eastern Philippines on Sunday after leaving at least two people dead a day earlier, thousands of villagers displaced and hundreds of planes grounded. Locally named Karen, the typhoon weakened after hitting the town of Baler, …

AXA Completes Acquisition of Charter Ping An Insurance in Philippines

AXA Philippines announced it has completed the acquisition of Charter Ping An Insurance Co. for €40 million ($45.6 million) from GT Capital. The acquisition of CPA, the fifth largest non-life insurer in the Philippines, enables AXA Philippines to offer property …

Bangladesh Launches Cyber Heist Probe; Cash Packed into Manila Banker’s Car

Bangladesh police launched a criminal investigation on Thursday into the cyber theft of $81 million from the central bank’s U.S. account but said it was too early to pinpoint any suspects. The money was transferred to accounts in the Philippines, …

AXA to Buy Charter Ping An in Philippines, Eyeing P&C Growth Opportunities

AXA Philippines announced it will acquire 100 percent of Charter Ping An Insurance Corp. from GT Capital for 45 million euros ($48.3 million). The acquisition will enable AXA Philippines to offer property & casualty insurance products, along with its current …

Slow Moving Typhoon Koppu Kills 4 in Philippines, Displaces Thousands

Typhoon Koppu left at least four people dead in the Philippines, shutting schools and government offices, while floods and landslides continue to threaten the nation’s main Luzon Island. The slow-moving and powerful storm caused a wall to collapse in Zambales …

ACE Appoints van Ratingen as Country President for the Philippines

ACE Group announced the appointment of Peter van Ratingenas its new country president for its general insurance operation in the Philippines. He succeeds Daniel Daly, who will retire on July 31, 2015. In his role as country president, van Ratingen …