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.
DBP President and CEO Michael de Jesus said DBP deposited the amount to the BTr on September 14, ahead of the September 17 deadline set by Republic Act 11954, or the "Maharlika Investment Fund (MIF) Act of 2022," which represented DBP's tangible commitment to the MIF — a priority initiative of President Ferdinand Marcos Jr.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.