Wary of two earlier attempts that failed, the government remained very cautious about its announced plan to merge the Landbank and the Development Bank of the Philippines. | JMAurelioINQ /PDI
Landbank and its subsidiaries was estimated to have more than 10,000 employees in 2019 while the DBP group is estimated to have more than 3,000.
In the latest attempt, Tambunting cited the need to strengthen the banks’ financial capabilities and improve the delivery of services by merging their “different but complementary mandates.” It was not the first time such a bill was proposed in the House either. In 2015, during the 16th Congress, the House approved a bill proposing the banks’ consolidation but the measure failed in the Senate.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Capiz cooperative credits growth to LandBank assistance | BusinessMirrorAgrarian reform beneficiary (ARB) Evelyn F. Bardies, a mother of four, toils on her awarded land to meet the daily needs of her family. It did not help that she used to rely on local dealers and traders to finance her farm input requirements for corn production. From the mountain…
Baca lebih lajut »
Solon eyes re-filing LBP, DBP merger bill | Jovee Marie de la CruzANG Probinsyano Rep. Alfred C. Delos Santos announced last Wednesday that lawmakers should be reminded of an 8-year-old bill on the merger of the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines (LBP). The 19th Congress has one pending bill filed so far on the…
Baca lebih lajut »
Eiichiro Oda's One Piece to stream on Netflix Philippines this April 15
Baca lebih lajut »
Honda Philippines welcomes new country head | Randy S. PeregrinoHONDA Cars Philippines, Inc. (HCPI) recently held a leadership turnover ceremony to introduce its new president. In a ceremonial event held at the Crimson Hotel in Alabang, new company president Rie Miyake succeeded outgoing president Masahiko Nakamura, who will assume a new post in Honda Cars Korea. Miyake held management…
Baca lebih lajut »
Philippines logs 350 new COVID-19 cases, active tally at 9,568The Department of Health on Friday recorded 350 new COVID-19 cases, bringing the nationwide tally to 4,083,275.
Baca lebih lajut »
Philippines-US EDCA not aimed against any country —DNDThe Defense official also stressed that the joint activities between the Philippines and the US are “intended to enhance the partnership” of the two countries. “These are not directed against any particular country but to modernize our alliance with the US and maintain a peaceful, free and prosperous Indo-Pacific,” he said.
Baca lebih lajut »