The usual divide and rule path EDITORIAL Click to enlarge 09/30/2011

The usual divide and rule path

EDITORIAL

Click to enlarge

09/30/2011
The divide and rule tack of Noynoy’s yellow appointees at the state-owned Development Bank of the Philippines (DBP) is working perfectly, which may be enough to destroy the global reputation of the bank.

The DBP is the government’s premier commercial bank which, along with the Land Bank of the Philippines (Landbank), that in turn was created to supposedly serve the vast agricultural sector, was designed as tools for the country’s development.

Lately, however, the only development that has been seen at DBP is infighting among its officials and a bitter feud among Noynoy’s appointees and the past leadership of the bank.

The conflict within the DBP is a microcosm of the many conflicts within the fractious Noynoy administration.
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Source:  The Daily Tribune
URL: http://www.tribuneonline.org/commentary/