Sen. Franklin Drilon on Tuesday sought for the conversion of national government hospitals into government-owned and controlled corporations (GOCCs) saying it will improve the delivery of health services throughout the country. Read the rest of this entry »

PALAYAN CITY—Government and farmers groups have rejected the proposed privatization of irrigation services.

Agriculture Secretary Proceso Alcala said such move would impair food security. Read the rest of this entry »

STATE-RUN Power Sector Assets and Liabilities Management Corp. (PSALM) said it welcomes inquiries into the privatization of National Power Corp.’s plants, which critics claimed has failed to bring down the country’s electricity rates. Read the rest of this entry »

MANILA, Philippines – Employees of the Philippine Charity Sweepstakes Office (PCSO) yesterday staged a silent protest against the proposal of Sen. Franklin Drilon to privatize the agency. Read the rest of this entry »

THE Aquino administration fell short of its target proceeds from its asset sale program in 2010. Read the rest of this entry »

MANILA, Philippines –  Finance Secretary Cesar Purisima bared yesterday that the administration of President Aquino is contemplating on privatizing the headquarters of the Philippine National Police and the Armed Forces of the Philippines in Quezon City to further pump prime the economy. Read the rest of this entry »

“Diven the many issues that are basic to the well-being of the Filipino people such as electricity, water, public transport and toll ways that are not being dealt with by most columnists of mainstream media, I have made it a point to focus on them through this space. But whenever I see issues covered extensively by media being obfuscated by writers who rear their discriminatory heads, then I have to step into the fray. Read the rest of this entry »

MANILA, Philippines—State-run Power Sector Assets and Liabilities Management Corp. (Psalm) said it would resume before the end of the year the process of selling the remaining government-owned power plants and contracted capacities. Read the rest of this entry »

The government has raised a little more than a quarter of its revenue target from the sale of assets this year. According to Department of Finance (DOF) Undersecretary John Philip Sevilla, the agency already raised P500 million to P600 million from the disposal of “small” properties. Read the rest of this entry »

Power Sector Assets and Liabilities Management Corp. has started preparations to sell the real estate properties of National Power Corp. and other non-power holdings after deferring this year the sale of its remaining power assets. Read the rest of this entry »