Yuchengco group upbeat about recovery

The Yuchengco Group of Companies (YGC) has said it is poised to recover from the impact of the coronavirus pandemic on the back of its “resourcefulness and creativity.”

In a statement on Monday, the conglomerate said its capacity to recover would be on the back of its banking, education, life and nonlife insurance, renewable energy, pharmaceuticals, and property services subsidiaries, which continued to operate amid state-imposed quarantine measures.