Iris C. Gonzales
Philippine Star
The National Government (NG) has raised its privatization target for 2008 as it expects to fetch better-than-expected prices for the assets on the pipeline.
According to documents from the Development Budget Coordination Committee (DBCC), the … Read the rest
Euan Paulo C. Añonuevo
Manila Times
BIG-NAME firms will slug it out for the government’s strategic stake in the country’s largest geothermal energy producing company, according to its parent state-run Philippine National Oil Co. (PNOC).
Approved by PNOC to bid … Read the rest
Manila Standard
Finance Secretary Margarito Teves has directed government agencies as well as state-run corporations to submit a list of assets as well as foreclosed items up for privatization.
Teves said he would instruct heads of agencies under the Department … Read the rest
Iris C. Gonzales
Philippine Star
The Department of Finance (DOF) will require all government-owned and controlled corporations (GOCCs) and financial institutions to list all state-owned assets that will be sold to the private sector as part of efforts to boost … Read the rest
Vincent Cabreza, Northern Luzon Bureau
Inquirer
BAGUIO CITY—FORMER UNION officials of the National Power Corp., who were absorbed by the National Transmission Corp. (Transco), have written top energy officials to include them in privatization talks now that Transco’s operations have … Read the rest
Manila Standard
PRESIDENT Gloria Macapagal Arroyo has set a $7-billion year-end target in proceeds from the privatization of power assets, which could be used to offset the tax collection shortfalls in the first seven months, officials said yesterday.
“We are … Read the rest
Abigail L. Ho
Inquirer
The national government can expect between $5 billion and $7 billion from the privatization of key energy sector assets this year, including plants of National Power Corp., the concession of power grid operator National Transmission Corp. … Read the rest
Felicito C. Payumo
Inquirer
MANILA, Philippines — Revenue collections are never enough. Assets for sale are not inexhaustible. And there is a limit to what government can borrow.
These realities impelled the 8th Congress to craft a measure to formalize … Read the rest
Gil C. Cabacungan Jr. Dona Pazzibugan
Inquirer
TWO SENATORS on Sunday slammed the Arroyo administration for asking the public to pay more taxes and rushing the sale of state assets to arrest the ballooning budget deficit just two years after … Read the rest
Manila Standard
Citigroup said the government must fast track privatization and temper the rise in rates of long-term government securities.
Citigroup still maintained that the country’s budget deficit for the year would reach P45 billion, lower than government’s target of … Read the rest
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