UCPB welcomes the lifting of the Supreme Court’s temporary restraining order on former Pres. Benigno S. Aquino III’s Executive Orders Nos. 179 & 180, the company said in a statement.
As announced by DOF Secretary Carlos G. Dominguez III, the government will soon resume the bank’s privatization through a recapitalization program and sale of the government’s majority stake in UCPB. (PR)