MSOpinion The Land Bank-DBP conundrum “The DDR will focus on three areas: disaster risk reduction, disaster preparedness, and recovery and building”
“The DDR will focus on three areas: disaster risk reduction, disaster preparedness, and recovery and building”
Then, during the administration of President Duterte, the Land Bank merged with the United Coconut Planters Bank. That was in 2021.The creation of a behemoth financial institution, of the Land Bank and the DBP, will create a financial institution too big to fail.First of all, Land Bank and the DBP have different mandates.
Then comes the problem of the Land Bank with its 10,000 workforce and the DBP with its 2,700 workforce. If you ever go to any branch or the main building of DBP, don’t be surprised to see personnel wearing black or sporting black armbands, When Martial Law was declared, President Marcos Sr. formed the MAC or Media Advisory Council, of which I was a member, and then headed by Primitivo Mijares.I was then president of the Manila Overseas Press Club, in charge of the foreign press, and because I was then connected with the Kanlaon Broadcasting System, I was assigned to handle broadcast media.
I sold the idea to Kanlaon Broadcasting chairman Roberto S. Benedicto, with his network leading the organization. Thus, on April 27, 1973, the KBP was born, and since I was the organizer and founder, I was elected president.
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