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.