MANILA, Philippines — Wary of two earlier attempts that failed, the government remained very cautious about its announced plan to merge the Land Bank of the Philippines (Landbank) and the Development Bank of the Philippines (DBP). Parañaque Rep. Gus Tambunting, chair of the legislative franchises panel of the House of Representatives, has already filed House Bill No. 7685, meant to outline the merger of the country's two largest government banks. While the bill recognized that the merger would result in the retrenchment or retirement of employees, the bill did not mention exactly how many would be affected nor specify their separation benefits.

https://newsinfo.inquirer.net/1754064/bill-on-landbank-dbp-merger-out-but-no-word-on-retrenchment

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