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STATE-OWNED Development Bank of the Philippines (DBP) has remitted P25 billion to the Bureau of the Treasury (BTr), which represents the bank's share in the initial seed capital in the Philippines' pioneering sovereign wealth fund, a top official said.
In a statement on Friday, Landbank said it remitted to the Treasury its P50-billion contribution to the Maharlika Investment Corporation (MIC) as mandated by Republic Act No. 11954, which created the MIF.
Landbank remits P50B investment in Maharlika
Basic sectors convene to combat poverty
Senate Agriculture Committee chairperson Sen. Cynthia A. Villar witnesses the presentation to President Ferdinand Marcos Jr. of the Implementing Rules and Regulations (IRR) of Republic Act No.11953 or New Agrarian Emancipation Act. The law which was authored by Viilar will free a total of 610,054 farmers and Agrarian Reform Beneficiaries (ARBs) from…