Tag: Financial Services
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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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Senator Padilla Calls for Review of OFBank and LandBank Merger Proposal
Senator Robinhood Padilla has introduced a resolution in the Senate to scrutinize the proposed merger between the Overseas Filipino Bank (OFBank) and the Land Bank of the Philippines (LandBank). The senator emphasized the distinct roles of the two banks, with OFBank dedicated to serving overseas Filipino workers (OFWs) and LandBank focused on supporting the agricultural…
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