Tag: Development Bank of the Philippines
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Finance Department to Guide DBP to Enhanced Financial Stability
MANILA – The Department of Finance (DOF) is set to take a more active role in guiding the Development Bank of the Philippines (DBP) towards greater financial stability, according to Finance Secretary Ralph Recto. The proposed changes to the DBP’s charter, recently passed in both houses of Congress, will enable the DOF to better support…
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Philippine House Passes Bill to Revamp Development Bank’s Charter
The Philippine House of Representatives has given the green light to a bill that will redefine the charter of the Development Bank of the Philippines (DBP), aiming to bolster its position as the nation’s leading financial institution dedicated to development. The bill, known as House Bill 11230, was passed with a strong majority of 199…
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House Advances Bill to Revamp Development Bank of the Philippines’ Charter
In a significant move to bolster the Development Bank of the Philippines (DBP) as the nation’s leading financial institution for development, the House of Representatives has passed House Bill No. 11230 on its second reading. The bill, which was approved during a plenary session on Monday via voice vote, aims to modernize the DBP’s charter…
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