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November 28, 2023

BSP to allocate P62 billion for Maharlika Investment Fund in 2 years

The Bangko Sentral ng Pilipinas (BSP) will remit around P62 billion over two years to support the Maharlika Investment Fund (MIF), with an initial P31 billion dividend payment, despite no longer being obligated to remit dividends to the government, according to BSP Governor Eli M. Remolona.

LandBank ready for possible DBP merger

Lynette Ortiz, LandBank’s President and Chief Executive Officer, affirms the bank’s readiness for a potential merger with the DBP, aiming to create a larger government bank, while DBP Chairman Dante Tiñga remains opposed due to perceived risks.