The Power Sector Assets and Liabilities Management Corp. (PSALM) was able to cut its financial obligations by P27.18 billion and collect P98.37 billion in revenues and receivables in 2019 through the efficient implementation of its liability management strategies.
Read MoreThe Land Bank of the Philippines (LANDBANK) already lent out a total of P229.38 billion to the agriculture sector as of January 31, achieving 86.5 percent of its loan target of P265 billion for the entire 2020.
Read MoreSecretary Carlos Dominguez III said Friday the Department of Finance (DOF) is ready to work with the Congress to speed up the approval of measures amending the Anti-Money Laundering Act (AMLA) and the Bank Secrecy Law, in line with the Duterte administration’s goal to arm the government with “formidable tools” to effectively fight tax evasion and other financial crimes.
Read MoreThe Development Bank of the Philippines (DBP) has surpassed all its financial targets in 2019, with total assets growing 14 percent to P762.27 billion and gross income rising 26 percent to P32.87 billion, a report to Finance Secretary Carlos Dominguez III has shown.
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