MANILA, Philippines — The proposed merger of state-run banks Development Bank of the Philippines (DBP) and the Land Bank of the Philippines (Landbank) can only be done by congressional action, and not by mere executive order (EO), Albay Rep. Edcel Lagman said in a statement on Sunday. “The proposed merger of DBP and [Landbank] necessitates the … Continue reading Landbank-DBP merger needs law, not just EO, says lawmaker