Landbank-DBP merger needs law, not just EO, says lawmaker
The proposed merger of state-run banks Development Bank of the Philippines (DBP) and the Land Bank of the Philippines (Landbank) can only be done by congressional action, and not by mere executive order (EO), a veteran lawyer and lawmaker said on Sunday. “The proposed merger of DBP and [Landbank] necessitates the amendment of their respective […]
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