NBFIRA places Bona Life under statutory management
Wednesday, January 22, 2020
The firm, which is the country’s third largest life insurer, is steeped in a fresh crisis after falling short of the regulator’s Prescribed Capital Target (PCT), a prudential rule designed to protect policyholders from adverse events.
A shareholder stalemate over recapitalisation of the business, saw the firm’s founder, Regina Vaka throwing in the towel on January 10, a move that has shaken policyholders who are owed up to P700 million.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...