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.
“We expect to meet the P2 billion that we are targeting to raise from privatization this year . . . We are confident we could sell the other items before the end of the year,” he said.
Early this year, the Development and Budget Coordinating Committee (DBCC) brought down the privatization goal from P30 billion to P2 billion as it excluded the sale of the government’s 10-percent stake in the Malampaya natural gas field. The government was supposed to raise P16 billion from the disposal of the state-led Philippine National Oil Co.-Exploration Corp.’s cash cow.
According to the Congressional Policy and Budget Research Department, the DBCC assumed that long-standing plans to privatize state assets would generate P6 billion. Those that are scheduled for sale are the properties of Food Terminal Inc. for P5 billion; NG Makati Property, P600 million; Semirara Coal Corp., P106.4 million; Elorde Sports and Tourism Development Corp., P96.8 million; Pioneer Glass Corp., P82 million; and other assets, P40 million. –LIKHA CUEVAS-MIEL ASSISTANT BUSINESS EDITOR, Manila Times
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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