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Yuchengco was the Chairman of the Yuchengco Group of Companies, and concurrently the Chairman of the Board of MICO Equities, Inc. (holding company of the Malayan Group of Insurance Companies); Pan Malayan Management and Investment Corporation; Mapúa Institute of Technology; Nippon Life Insurance Company; and the Rizal Commercial Banking Corporation.
Etiqa Insurance Pte. Ltd. was officially launched in August of 2014, selling its life insurance products at Maybank branches across Singapore. [ 6 ] In 2015, Maybank began acquiring shares in AsianLife and General Assurance Corp. (ALGA), an insurance group based in the Philippines which had been operational since 1958. [ 7 ]
The bank was established by Alfonso Yuchengco on September 23, 1960, as Rizal Development Bank, a small development bank in Rizal province. [13] It was later upgraded to a commercial bank upon the approval of the Bangko Sentral ng Pilipinas and, in 1963, began operation as such under its present name Rizal Commercial Banking Corporation (RCBC).
Travel insurance is an insurance product for covering unforeseen losses incurred while travelling, either internationally or domestically. Basic policies generally only cover emergency medical expenses while overseas, while comprehensive policies typically include coverage for trip cancellation, lost luggage , flight delays , public liability ...
The travel and tourism industry contributed 8.6% to the country's GDP in 2023; [1] this was lower than the 12.7% recorded in 2019 prior to the COVID-19 lockdowns. [2] Coastal tourism, encompassing beach and diving activities, constitutes 25% of the Philippines' tourism revenue, serving as its primary income source in the sector. [3]
This type of "Malayan" movement was significantly different than the one that took place in British Malaya and the Dutch East Indies. While those movements were focused on the lone ethnic group originating from Sumatra and the Malay Peninsula , Rizal envisioned a larger pan-Austronesian nation, what would later become coined as the Malay race .
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