“The GCG, pursuant to memorandum Circular 2015-03 [it issued in April 2015], has the power to ascertain the manner of the merger,” GCC chair Alex Quiroz said in a statement.Thus, the GCG has submitted to President Ferdinand Marcos Jr a study that spells out the details of how to go about with the Landbank-DBP union.
Citing laws and a Supreme Court decision, the GCG said the President has the power “to implement the merger…without waiting for Congress to file and pass related bills.”
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