25
Jul
2016
2016
The Duterte administration will repeal former President Benigno Aquino III’s order to merge state-run lenders Development Bank of the Philippines and Land Bank of the Philippines, Finance Secretary Carlos G. Dominguez III said.
According to Dominguez, the merger of DBP and Landbank cannot be done through a mere executive order, stressing in an earlier statement that such requires legislative action.
