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PAGCOR CASINOS PRIVATIZED IN A YEAR OR 2: Govt eyes sale of

The government is looking to double the sale of state assets this year, as it also eyes to offer mining rights with Basay mines first on the list. Meanwhil. ....

Makati City , San Pedro Makati , Catherine Fong , Department Of Finance , Philippine Charity Sweepstakes Office , Privatization Management Office , Gaming Corp , Corporate Affairs Group , Mile Long , Philippine Amusement , Pagcor Board ,

Steps taken to abolish NFC ahead of COA report: GCG

GCG Chairperson Justice Alex Quiroz(Photo courtesy of Senate PRIB) MANILA - The Governance Commission for GOCCs (GCG) on Thursday clarified that it has taken appropriate steps in abolishing the Northern Foods Corporation (NFC) and initiating actions for the liquidation of the non-performing government corporation as early as 2021. GCG chairperson Justice Alex Quiroz made the clarification following a news report citing a Commission on Audit (COA) report for the fiscal year ended May 31, 2022 that claimed the GCG has yet to convene the Technical Working Group (TWG) for the abolition of the NFC a year after it was approved by the Office of the President through a Memorandum dated Dec. 1, 2021. The news report further claimed that the failure of the GCG to convene the TWG, which is comprised of the Department of Agriculture, Department of Budget and Management, Landbank of the Philippines, and the Privatization Management Office has resulted in unresolved issues on compensation, liquidati ....

Justice Alex Quiroz , Technical Working Group , Governance Commission , Privatization Management Office , Department Of Agriculture , Commission On Audit , Northern Foods Corporation , Department Of Budget , Separation Plan , Governing Board , Gcg Chairperson Justice Alex Quiroz Photo Courtesy Of Senate Prib Manila The Governance Commission For Goccs On Thursday Clarified That It Has Taken Appropriate Steps In Abolishing Northern Foods Corporation Nfc And Initiating Actions Liquidation Non Performing Government As Early 2021 Made Clarification Followinga News Report Citinga Audit Coa Fiscal Year Ended May 31 , 022 That Claimed The Gcg Has Yet To Convene Technical Working Group Twg For Abolition Of Nfca Year After It Was Approved By Office President Througha Memorandum Dated Dec 1 , 021 The News Report Further Claimed That Failure Of Gcg To Convene Twg , Hich Is Comprised Of The Department Agriculture , Department Of Budget And Management , Landbank Of The Philippines , Nd The Privatization Management Office Has Resulted In Unresolved Issues On Compensation , Liquidation Of Assets , Ettlement Of Liabilities And Further Depletion The Financial Resources Nfc Quiroz Stressed That It Is Incorrect To Ascribe Inaction On Part Gcg , Ointing Out That Based On Records , He Twg Members Were Requested To Nominate Their Respective Authorized Representatives As Early Dec 9 , 021 But Were Only Completed On July 22 , 022 The Formal Designation Of Representatives To Twg Were Only Completed On July 24 , 022 And The New Gcg Commissioners Were Only Appointed In September 2022 He Added That While Waiting For Twg Members To Be Completed , Cg Approved The Schedule Of Separation Plan Nfc On June 23 , 022 Which Resulted In Approximately Php1 3 Million Savings Per Month On Salaries And Wages According To Nfc Quot Upon The Appointment Of New Commission ,