DBP said in a statement it has filed an appeal with the Office of the President questioning GCG’s legal study for being “legally erroneous”, among other grounds.The state bank was reacting to a statement of GCG, which is supervised by the OP, made on April 18.
GCG said it had submitted to the OP a study on the planned merger, with the conclusion that this could be done without the President waiting for Congress to file a bill and pass a law that would mandate the union.
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Why the rush? Hontiveros seeks Senate probe on DBP-Landbank mergerPuzzled by Malacanang’s supposed rush, opposition Senator Risa Hontiveros asked the Senate to look into the planned merger of the Land Bank of the Philippines with the Development Bank of the Philippines. | MAgerINQ
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GCG: Legislation not needed for Landbank-DBP mergerThe planned Landbank and Development Bank of the Philippines merger may proceed even without a new law, according to the Governance Commission for Government Owned or Controlled Corporations. | RonWDomingoINQ /PDI RonWDomingoINQ Hmm! So fishy!
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Hontiveros seeks Senate inquiry into proposed LandBank-DBP mergerSenate Deputy Minority Leader Risa Hontiveros has filed a resolution seeking an inquiry into the proposed merger of the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines (DBP).
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GCG: Landbank-DBP merger can move forward sans legislationThe proposed merger of state-owned lenders Land Bank of the Philippines and the Development Bank of the Philippines (DBP) can proceed without legislation, according to the Governance Commission for Government-Owned and Controlled Corporations (GCG).
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