The ruling coalition said Tuesday it will put off until after the spring elections a contentious plan to allow troubled life insurers to cut the yields they have guaranteed to policyholders, because the plan is unlikely to win public support.

But the plan is expected to be discussed again in and after May following the unified local-level elections — a series of gubernatorial and local assembly polls nationwide — in April, ruling bloc officials said.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.