MANILA, Philippines — President Rodrigo Duterte has threatened to shut down state-run Land Bank of the Philippines (LBP). “What the heck is wrong with you? You are supposed to finance agricultural enterprises and endeavors,” Duterte said in his fourth State of the Nation Address on Monday. According to the President, the government-owned financial institution was “marred in […]
“I am asking Congres, ‘pag wala sila , if there is no viable plan for the farmers and just all commercial transactions, abolish it and give the money to congressmen for their development funds. Mas makakatulong pa diretso eh,” he said.
“Landbank should go back to land. Bumalik kayo where you were created for, and that is to help the farmers. Ilang administration na wala,” he also said.“You better decide on that, I will give you until the end of July to give me a plan or else, I will ask Congress to reconfigure you,” he said. /kgaDisclaimer:
The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of Cebudailynews. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Beyond Duterte's jokes: What you need to know about IcelandPresident Rodrigo Duterte jokes Iceland has 'too much ice' but past its geology, here are 6 things to know about the tiny island nation.
Read more »
Elizabeth Zimmerman, Duterte’s ex-wife skipping Sona, tooMANILA, Philippines - President Rodrigo Duterte’s former wife Elizabeth Zimmerman will not grace the Chief Executive’s fourth State of the Nation Address at the Batasang Pambansa in Quezon City on Monday.
Read more »
Duterte Promise Checklist: Major accomplishments, failuresNEW TOP STORY. Halfway into his presidency, we look at what Rodrigo Duterte's presidency has achieved and what it has failed at so far. DuterteYear3 SONA2019
Read more »
Duterte needs to send 'clear signal' on economic reforms: analyst
Read more »
Best performing stocks in Duterte's first 3 years in office
Read more »
Ahead of Duterte's SONA, protesters burn Chinese flags
Read more »