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MITI Ventures Asia (MVA) Pte. Ltd., the Singaporean operator of the yufin brand of financial services in Asia, announced it partnered with the local operator of Singapore-headquartered insurtech Gigacover Pte. Ltd. to sell insurance in the Philippines. To note, the Insurance Commission website has no data on whether Gigacover Philippines…
THE Customs bureau said its revenue collections from January to October expanded by 37 percent on an annual basis to P714.3 billion due to measures curbing revenue leakages and smuggling. The Bureau of Customs (BOC) said its revenue collections during the 10-month period was P188.9-billion higher than the P525.4 billion…
SAN Miguel Corp. (SMC) affiliate Bank of Commerce (BankCom) has now been added to the list of the country’s universal banks. In a disclosure to the local bourse last Wednesday, BankCom said they were conferred the authority to operate as a universal bank through a formal certificate from the Bangko…
SINGAPORE Four months after its commercial launch, the Aboitiz Group’s UnionDigital Bank Inc. (UDB) acquired 1.7 million customers with a portfolio of $50 million in deposits and $80 million in loan book size. During an interview with reporters at the Singapore Fintech Festival, UDB Chief Revenue Officer Mark Singh described the…