Why did this happen? For more information you can review our Terms of Service and Cookie Policy. Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. 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. ($1 = 48.1660 Philippine pesos) (Reporting by Karen Lema; Editing by Alison Williams)
2018 millions of dollars were wasted on the bad loan sale.
( z0 waste :ARG1 ( z1 multiple :op ( z2 monetary-quantity :quant 1000000 :unit ( z3 dollar ) ) ) :ARG2 ( z4 sell :ARG1 ( z5 loan :ARG1-of ( z6 bad ) ) ) :time ( z7 date-entity :year 2018 ) )
(z0 / waste-01
    :ARG1 (z1 / multiple
              :op1 (z2 / monetary-quantity
                       :quant 1000000
                       :unit (z3 / dollar)))
    :ARG2 (z4 / sell-01
              :ARG1 (z5 / loan-01
                        :ARG1-of (z6 / bad-07)))
    :time (z7 / date-entity
              :year 2018))
2018 millions of dollars were wasted on the bad loan sale .
z7 :year 1
z2 :quant 0
z1 :op1 z2
z2 :unit z3
z0 :ARG1 z1
z0 :time z7
z5 :ARG1-of z6
z4 :ARG1 z5
z0 :ARG2 z4