2 weeks Gov’t awaits airlines financing proposal—DOF MB |Biz
The Department of Finance (DOF) said that local airlines have yet to submit the final loan plan to activate their P700 million financial support earmarked under the government’s economic stimulus programs. (Manila Bulletin File Photo) Finance Secretary Carlos G. Dominguez III said the amount of support by the two state-owned lenders Development Bank of the Philippines (DBP) and Land Bank of the Philippines will depend on airlines’ financing proposal. REUTERS/Erik De Castro/File Photo MANILA BULLETIN FILE PHOTO) But the DOF chief, who is a former executive of flag-carrier Philippines Airlines, said that none of the local airlines seeking for ... more