MANILA -Development Bank of the Philippines (DBP) supports and is even pushing for a probe in Congress of the Executive branch's plan to merge it with Land Bank of the Philippines (LBP), saying this would provide an 'alternative and viable' venue for its employees to air and address their concerns. DBP management and workers alike are resisting the move, which the Governance Commission for Government-Owned or -Controlled Corporations (GCG) said does not need a new law to be done. The GCG, which is under the Office of the President (OP), has submitted to the OP a study which concludes that existing laws give the President the authority to implement the merger without waiting for Congress to file and pass related bills.

https://business.inquirer.net/397748/congress-urged-to-probe-looming-dbp-lbp-merger

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