DBP exempted from remitting earnings in 2021
The Philippine Star
December 17, 2022 | 11:00am
According to EO 8 signed by the President on Dec. 9, the percentage of net earnings to be declared and remitted by the DBP to the national government for Calendar Year (CY) 2021 is adjusted from 50 percent of its annual net earnings to zero percent.
STAR / File
MANILA, Philippines — Citing the Development Bank of the Philippines’ role in the recovery of industries hit by the COVID-19 pandemic, President Marcos issued an executive order (EO) exempting the DBP from remit
