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.
After the inauguration, the President signed a law.
( z0 sign :ARG0 ( z1 person :ARG0-of ( z2 have-org-role :ARG2 ( z3 president ) ) ) :ARG1 ( z4 law ) :time ( z5 after :op ( z6 inaugurate ) ) )
(z0 / sign-01
    :ARG0 (z1 / person
              :ARG0-of (z2 / have-org-role-91
                           :ARG2 (z3 / president)))
    :ARG1 (z4 / law)
    :time (z5 / after
              :op1 (z6 / inaugurate-01)))
After the inauguration , the President signed a law .
z5 :op1 z6
z1 :ARG0-of z2
z2 :ARG2 z3
z0 :ARG0 z1
z0 :time z5
z0 :ARG1 z4