The government should return the contributions of state-led banks to the Maharlika Investment Fund, a former official of the Bangko Sentral ng Pilipinas said on Wednesday.
MANILA - The government should return the contributions of state-led banks to the Maharlika Investment Fund , a former official of the Bangko Sentral ng Pilipinas said on Wednesday.
“In the first place, ‘yong pera ng Landbank at ng DBP is not exactly owned by the government. Deposito ‘yan ng publiko eh ,” Guinigundo said. Guinigundo pointed out that without regulatory relief from the BSP, both banks will have to ease their lending. For Guinigundo, President Ferdinand Marcos’ decision to step on the brakes on the implementation of MIF is a welcome development. But the government will have to decide on Maharlika's fate soon.
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