THE Department of Finance sees the merger of Land Bank of the Philippines and the Development Bank of the Philippines being completed within the first half of next year as the Executive branch is now doing due process for the merger.
“We feel around the fourth quarter it would be on the BSP’s [table already]. It will be approved by the BSP by the end of the year,” he told reporters in a recent press briefing. Diokno said he did not want to speculate on what caused the delays of the merger, since the timeline has been moved. He just noted that the government is “very active” and it has a lot on its plate right now, which includes the reforms on the military and uniformed personnel pension as well as the creation of the Maharlika Investment Fund .