Former Senate President Franklin Drilon has argued that a proposed bill to merge state-owned banks in the Philippines is a waste of time and resources, as existing legislation already grants the president power to oversee the merger. Writing in the Philippine Star, Drilon noted that the Governance Council for Government-Owned or Controlled Corporations (GCG) was empowered under the Government-Owned or Controlled Corporations Governance Act to evaluate the performance of government-owned or controlled corporations (GOCCs), including those set up as banks. If the GCG decides a GOCC should be streamlined, reorganised, merged, abolished or privatised, the law is clear that it “shall implement” the changes “unless otherwise directed by the president”.
Former Senate President Drilon says President already has power under GOCC Governance Act to direct LBP-DBP merger; bill unnecessary.
Seed heading to the second round between demonstrations and actions in the Cortes – PublicoGT
The defeat in Toulon is "a big disappointment" for Gonzalo Quesada (Stade Français)
Heather Hewitt, treasurer of the Glenway Riding Club, has died following an incident involving a hor...
Mysterious Discovery: The Long-Lost Bones of a Missing Hamburg Woman Unearthed in Solingen
