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Maroc Maroc - BUSINESSMIRROR.COM.PH - A La Une - 16/Jan 13:18

DOF taps excess PDIC funds, avoiding imposing new taxes

THE Department of Finance (DOF) announced last Thursday it tapped the unrestricted P107.3-billion excess funds of the Philippine Deposit Insurance Corp. (PDIC) so government could generate additional cash without inflicting new taxes.

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