Stay updated with breaking news from Philplans First. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The earnings of the pre-need industry dropped almost 90 percent in 2022, with its bottom line falling below P500 million even amid an increase in the number of life plans sold, the Insurance Commission said.
December 17, 2020 | 12:04 am Font Size STI.EDU A SUBSIDIARY OF STI Education Systems Holdings, Inc. has sold 20% of its equity in Maestro Holdings, Inc. (MHI) to Chita SPC Ltd., in efforts to mitigate the volatility in its future earnings. In a disclosure to the stock exchange, STI announced that its subsidiary, STI Education Services Group, Inc., has sold part of its equity to Chita SPC, a segregated portfolio company based in the British Virgin Islands. “The sale will allow STI ESG to monetize its investment in MHI which STI ESG intends to use for its core business,” the disclo...