The bill creates a new charter for the Development Bank of the Philippines, raising its capital to ₱300 billion, giving the government at least 70 % ownership, and setting out its powers to lend for infrastructure, support MSMEs, and act as a government depository, while adding stricter governance and conflict‑of‑interest rules.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB07408. Status changes over time; check the link for the latest.
HB07408 · Sources: BatasWatch
Status history
No changes since we started checking daily on Oct 4, 2026.
Status via BatasWatch (independent source)
Similar in what they’d do, filed by any lawmaker.