Philippines to merge two main state lenders amid global banking turmoil

Philippines to merge two main state lenders amid global banking turmoil

Philippines President Ferdinand "Bongbong" Marcos Jr. delivers a speech on the 126th founding anniversary of the... ELOISA LOPEZ March 22, 2023 04:48am EDT

Philippine President Ferdinand Marcos Jr. has agreed to merge the country’s two main state lenders to create a stronger government bank amid turmoil overseas, Finance Secretary Benjamin Diokno said on Tuesday.

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