The insurance group is reportedly seeking to bolster its presence in the region.
AIA Group Ltd. is said to be in advanced talks to buy MediCard Philippines Inc., to boost its foothold in Southeast Asia.
AIA and MediCard are on the late stage of finalizing the details of a purchase transaction and could possibly reach an agreement after AIA insurance company outbid other interested parties, firms and investment funds, a report said.
Details of the purchase are yet to be announced.
The Philippines’ overall balance of payments position slipped into a deficit of $895 million in February , higher than the $157 million recorded in the same month a year ago.
The state-run lender announces a new selection process after receiving numerous queries from interested applicants.
The partnership is in line with banks digitalization and financial inclusion efforts.
CBS opens a new site in Balamban, Cebu.
FWD wins silver Anvil for its Affiliates PH App 3.0.
The Philippine Deposit Insurance Corporation (PDIC) has turned over previously used office furniture and IT equipment to 18 public schools and eight local government units, as part of its commitment to help other government institutions optimize operating efficiency and public service.
All rights reserved.
