Speaker Pantaleon Alvarez of Davao del Norte has questioned the Development Bank of the Philippines' (DBP) decision to grant at least P5.6 billion worth of loans to supposedly favored companies.
Alvarez raised the issue on Tuesday during a briefing by the DBP and by the Philippine Deposit Insurance Corporation on the Asian Infrastructure Investment Bank conducted by the House Committee on Banks and Financial Intermediaries headed by Rep. Ben Evardone of Eastern Samar.
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