The government is looking at raising P20 billion from the sale of state-owned assets next year, Finance Secretary Margarito Teves said during the weekend.
THE government has raised its programmed privatization revenues for next year after the sale of Philippine National Oil Co.-Exploration Corp. (PNOC-EC) was postponed, the Department of Finance said.
from The Philippine Star The country’s largest labor group has expressed strong opposition to the planned sale of the government’s 40-percent stake in Petron Corp.
Norway’s SN Power, a partner of the Aboitiz Group in several biddings for National Power Corp. (Napocor) generating assets, said the government, through the Power Sector Assets and Liabilities Management Corp. (PSALM), has shown complete transparency and fairness in its privatization program.
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.