At least 25 strategically important companies (SICs) could qualify for support under the proposed Government Financial Institutions Unified Initiatives to Distressed Enterprises for Economic Recovery (Guide) Act, two state-owned lenders said on Thursday.
During a Senate hearing on the measure, the Land Bank of the Philippines (LandBank) Assistant Vice President Guian Angelo Dumalagan told lawmakers that his bank and the Development Bank of the Philippines (DBP) had identified from their portfolio of loan clients “15 companies that might qualify for investment.”
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