Senator Sherwin Gatchalian has sought a Senate inquiry into the proposed merger between the Landbank of the Philippines (Landbank) and the Development Bank of the Philippines (DBP) which is likely to be finalized by the middle of 2024. ...
There’s been a lot of criticism over the government’s Public Utility Vehicle Modernization Program (PUVMP), particularly when it comes to acquiring the said modern jeepneys. Granted, any public transport operator would jump at the chance to acquire new, more efficient, more...
Cagayan de Oro 2nd district Rep. Rufus Rodriguez (Facebook) Pro-administration congressman, Cagayan de Oro 2nd district Rep. Rufus Rodriguez wants to be assured of several things first before he can back the proposed merger of state-owned Land Bank of the Philippines (LBP) and Development Bank of...
Albay 1st district Rep. Edcel Lagman (Manila Bulletin) The proposed merger of the Landbank of the Philippines (LBP) and the Development Bank of the Philippines (DBP) can only happen through the action of Congress. Independent minority congressman, Albay 1st district Rep. Edcel Lagman gave this take...
BACOLOD CITY – The city government has obtained a P4.4-billion loan from the Development Bank of the Philippines (DBP) to fund priority projects. THE city government of Bacolod has obtained a P4.441-billion loan from the Development Bank of the Philippines to fund priority project. The loan...
Senator Risa Hontiveros (Senate PRIB) Senator Risa Hontiveros on Tuesday, April 18, called for an investigation, in aid of legislation, into the proposed merger of the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines (LBP). In Senate Resolution No. (SR) 570,...
Surigao del Sur 2nd district Rep. Johnny Pimentel (Facebook) A ranking congressman expressed confidence that the national government will receive bigger cash dividends from the Land Bank of the Philippines (LBP) after its planned merger with the Development Bank of the Philippines (DBP)....
Former Senate President Franklin Drilon (Senate PRIB) Former Senate President Franklin Drilon on Monday, April 10 said the President already has the power under the GOCC Governance Act to direct the merger of the state-owned Land Bank of the Philippines (LBP) and the Development Bank of the...
The House minority bloc won't oppose the planned merger of the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP) for as long as Filipino farmers and fishermen won't get left out in the cold. 4Ps Party-list Rep. Marcelino Libanan (Facebook) This was the simple...
A good idea. That's how Albay 2nd district Rep. Joey Salceda described the proposal from Malacañang to merge government financial institutions (GFIs) the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP). Salceda said in a statement Wednesday afternoon, March 29,...
President Ferdinand "Bongbong" Marcos Jr. is keen on merging the Development Bank of the Philippines (DBP) and the Lank Bank of the Philippines (Land Bank), which he called as a game changer amid recent financial developments abroad. Marcos presided over a meeting with the economic team on Tuesday,...
HEARD IT THROUGH THE GRIPEVINE: OUR NEW ABNORMAL As talks swirl about a plan to merge our two state-owned lending institutions, the Land Bank and the Development Bank of the Philippines (DBP), it may make sense to first appreciate that this is a “revival” of an old tune — one that’s brought...
