The Governance Commission for Government-Owned and Controlled Corporations expressed openness to any inquiry on the proposed merger of Land Bank of the Philippines with the Development Bank of the Philippines .
Last week, the GCG submitted to the Office of the President the result of its legal study which says thewithout legislation and can be done through an executive action. With this, Mortel said that any further inquiry on the proposed merger will provide better light on whatever determination GCG would have.
Mortel clarified that the GCG legal study submitted to the Office of the President only resolves whether the merger requires legislation.
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