Smart Communications Inc. had a rough start to the year when the Makati City government padlocked its headquarters on Feb. 27 due to alleged unpaid taxes amounting to P3.2 billion and for operating
Smart, however, clarified that it has been applying for the business permit annually but the local government unit “has not been issuing.”
We hear from reliable banking sources that UnionBank is planning to sell UBX, originally its financial technology venture studio but which has now become a leading open finance platform in the country. UBX has already attracted a lot of interest from external tech investors as it is on the brink of monetizing and commercializing its platform. But the thrust now is to keep it within the family.
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