HMO industry faces sales threat as economy suffers recession due to pandemic

HMO industry faces sales threat as economy suffers recession due to pandemic

MANILA, Philippines — Mostly corporate customers have retained their membership with health maintenance organizations (HMO) amid the coronavirus disease (COVID-19) pandemic, but closure of businesses and job losses as the economy suffers a recession may cut sales moving forward, the industry group Association of Health Maintenance Organizations of the Philippines Inc. (AHMOPI) said. “While the country’s […]
SMC operations suffer due to pandemic

SMC operations suffer due to pandemic

Conglomerate San Miguel Corp. (SMC) saw a 91-percent year-on-year drop in first-quarter net profit to P1.09 billion as the lockdown measures required to address the new coronavirus (COVID-19) pandemic gnawed on its beer, oil, infrastructure and energy businesses. The...