Articles by Claire Jiao, Siegfrid Alegado and Ann Koh

Global Supply Chains Strained as Ship Crews Are Stuck in Lockdown

Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains already snarled by the coronavirus pandemic. Hubs like Singapore, Abu Dhabi and Shanghai have halted most crew transfers, while global …

Death Toll from Typhoon Kammuri Rises as Storm Passes South of Manila in Philippines

The death toll from Typhoon Kammuri rose to 17 people after destroying houses and displacing hundreds of thousands on its path across the Philippines. As it neared its exit, tropical cyclone wind signals have been lifted as of Wednesday for …

Philippines Taps Catastrophe Bonds to Help Pay for Natural Disasters

The Philippines, among the world’s most disaster-prone nations, sold its maiden foreign-currency catastrophe-linked bonds to help cover costs of major calamities, in conjunction with the World Bank. The dual-tranche transaction consists of a $150 million issuance against losses from tropical …

Philippine’s Yuchengco Offers Single App for Services from Insurance to Funerals

Yuchengco Group of Cos. is planning to launch a mobile app offering the full range of the Philippine family firm’s services — from insurance to holiday packages to funerals — using payment facilities from Yuchengco’s Rizal Commercial Banking Corp. The …

Philippines Eyes Catastrophe Bonds to Cut Post-Typhoon Rebuilding Costs

The Philippines suffered $13 billion of damage when Super Typhoon Haiyan tore through the country in 2013, a year after another storm killed 1,067. Now, the nation is looking at defraying the costs of future calamities with catastrophe bonds. The …