Philippine Phoenix Surety begins liquidation – Inquirer.net

Insurance Commissioner Dennis B. Funa has given his go signal for the liquidation of Philippine Phoenix Surety and Insurance Inc. In a notice, Funa said the Insurance Commission (IC) deemed Philippine Phoenix Surety and Insurance due for liquidation after it was earlier placed under conservatorship and receivership. Parties having claims against the company are hereby…

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IRIS announces corporate restructuring plan – Planet Biometrics

Malaysian identity solutions firm IRIS Corporation Berhad (IRIS) has formulated a corporate restructuring plan. In a statement, the company said the plan aims to deliver sustainable, profitable sales growth and long-term value creation for shareholders. The plan was discussed with Felda Investment Corporation (FIC), which is holding 21.33% shares in IRIS, and the Felda Board at the request…

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