Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review our Terms of Service and Cookie Policy. Why did this happen? To defray the costs of transferring bad loans to so-called Financial Institutions Strategic Transfer Corporations (FISTCs) that will manage distressed assets, the law provided tax incentives. MANILA, Feb 16 (Reuters) - Philippine President Rodrigo Duterte on Tuesday signed a law that would help the countrys banks offload soured loans through asset management companies to help speed up the process of cleaning up of their books.
this occurred in 2013 or earlier.
( z0 be-temporally-at :ARG1 ( z1 this ) :ARG2 ( z2 or :op ( z3 date-entity :year 2013 ) :op ( z4 before :op z3 ) ) )
(z0 / be-temporally-at-91
    :ARG1 (z1 / this)
    :ARG2 (z2 / or
              :op1 (z3 / date-entity
                       :year 2013)
              :op2 (z4 / before
                       :op1 z3)))
this occurred in 2013 or earlier .
z0 :ARG1 z1
z3 :year 0
z2 :op1 z3
z0 :ARG2 z2
z2 :op2 z4
z4 :op1 z3