(Eagle News)–The Bureau of Internal Revenue has expressed its support for a measure that aims to allow banks to dispose of their bad loans and other non-performing assets through asset management companies. The BIR formally expressed its support for the Financial Institutions Strategic Transfer (FIST) bill in a letter sent by Commissioner Caesar Dulay to Senator Grace Poe. The Department of Finance also backs the measure, which President Rodrigo Duterte described during his 5th State-of-the-Nation […]