GCG: Landbank-DBP merger can move forward sans legislation

Citing its study submitted to the Office of the President, the GCG said it “has the power to merge GOCCs which the Supreme Court affirms in its ruling in Lagman v. Executive Secretary” through the Republic Act No. 10149 or the GOCC Governance Act of 2011.

The GCG said its study aims to resolve the legal issues raised by DBP and the Department of Finance . The Section 5 of RA 10149 states that the GCG can evaluate the performance and determine the relevance of the GOCC, to ascertain whether such GOCC should be reorganized, merged, streamlined, abolished or privatized, in consultation with the department or agency to which a GOCC is attached.

“The foregoing legal anchors empower President Ferdinand Marcos Jr. to implement the merger of the state-owned bank without waiting for Congress to file and pass related bills,” said Quiroz.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

GCG green-lights Landbank-DBP mergerThe GCG has informed President Ferdinand Marcos Jr. that the planned merger of Land Bank of the Philippines and Development Bank of the Philippines does not need a new law to be done. | RonWDomingoINQ /PDI
แหล่ง: inquirerdotnet - 🏆 3. / 86 อ่านเพิ่มเติม »

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!
แหล่ง: inquirerdotnet - 🏆 3. / 86 อ่านเพิ่มเติม »

Court hands lending company execs jail term for faking bank documentThe Securities and Exchange Commission (SEC) has secured the conviction of three company executives who had attempted to register their lending firm using fake bank documents. In a statement over Good job SEC!
แหล่ง: inquirerdotnet - 🏆 3. / 86 อ่านเพิ่มเติม »