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                    [ArticleID] => 365022
                    [Title] => DBP won’t manage P11-B assets of AFP-RSBS after all
                    [Summary] => 



The Development Bank of the Philippines (DBP) denied it has agreed to manage the P11-billion assets of the bankrupt pension fund of the Armed Forces of the Philippines (AFP).


Last week, AFP Chief of Staff Gen. Hermogenes Esperon Jr. announced that DBP has been chosen as the trustee of the AFP Retirement Savings and Benefit System (RSBS) assets, majority of which are in real estate and related undertakings.


However, in an interview, DBP president and chief executive officer Reynaldo David refuted Esperon’s claim.


                    [DatePublished] => 2006-10-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1480108
                    [AuthorName] => Ma. Elisa Osorio 
                    [SectionName] => Business
                    [SectionUrl] => business
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RETIREMENT SAVINGS AND BENEFIT SYSTEM

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                    [ArticleID] => 365022
                    [Title] => DBP won’t manage P11-B assets of AFP-RSBS after all
                    [Summary] => 



The Development Bank of the Philippines (DBP) denied it has agreed to manage the P11-billion assets of the bankrupt pension fund of the Armed Forces of the Philippines (AFP).


Last week, AFP Chief of Staff Gen. Hermogenes Esperon Jr. announced that DBP has been chosen as the trustee of the AFP Retirement Savings and Benefit System (RSBS) assets, majority of which are in real estate and related undertakings.


However, in an interview, DBP president and chief executive officer Reynaldo David refuted Esperon’s claim.


                    [DatePublished] => 2006-10-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1480108
                    [AuthorName] => Ma. Elisa Osorio 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

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abtest

DBP won’t manage P11-B assets of AFP-RSBS after all

By Ma. Elisa Osorio  | October 25, 2006 - 12:00am

The Development Bank of the Philippines (DBP) denied it has agreed to manage the P11-billion assets of the bankrupt pension fund of the Armed Forces of the Philippines (AFP). Last week, AFP Chief of Staff...

Business