The International Finance Corp (IFC) of the World Bank Group and Philippine Securities and Exchange Commission (SEC) signed an agreement to improve corporate governance in country, while eight new banks partnered with a PLDT unit for its digital lending platform.
By Tomas S. Noda III
The government financial institution partnered RiteMed for the all new TxTMED program, which allows borrowers to allocate a portion of their approved net loan proceeds for the purchase of medicines.
In two separate business developments, China Bank Savings (CBS) has partnered with Voyager Innovations for the digital consumer loans platform Lendr, while Metro Pacific Hospital Holdings Inc (MPHH) secured a 51 per cent ownership of a level two hospital for $3.17 million.
The Philippine Long Distance and Telephone Company (PLDT) has acquired the Singapore-based ecommerce startup Paywhere Pte Ltd for $5 million. The acquisition is in line with PLDT Group’s goal to build its digital innovations unit, Voyager Innovations Inc, into a competitive digital economy platforms enabler. “The acquisition is expected to be… Read more »