Government plans to bid out some P98-M state-owned assets
MANILA, Philippines — The government is eyeing to bid out some P98.32 million-worth of state-owned assets, including a membership share at a golf and country club, in the first quarter of 2018, the Department of Finance said Thursday.
Citing information given by its Privatization Management Office, the DOF said the government-owned assets that will be up for bidding cover 63 lots in Luzon and Mindanao.
Thirty-five assets were scheduled for bidding last month while the remaining ones will be offered this month.
“Total PMO remittances to the government reached P286.4 million in July-December 2016 period, or the first six months of the Duterte administration,” the DOF said.
“As of the first nine months of 2017, the disposition of state properties for privatization along with cash dividends and other forms of revenue raised from still unsold government assets generated a total of P554.442 million,” it added. — Ian Nicolas Cigaral
- Latest
- Trending
