State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has fetched additional P16.76 billion worth of proceeds from the divestment of the power assets previously owned by its precursor-firm National Power Corporation. In a presentation to Congress, PSALM President and CEO...
A Publicus Asia survey conducted in June showed that most Filipinos are least concerned about the privatization of the Ninoy Aquino International Airport (NAIA). The Pahayag 2023 Second Quarter Survey analyzed Filipinos’ sentiment on key issues affecting governance and socioeconomic landscape by...
CEBU CITY -- Amid the rumblings at the Metro Cebu Water District (MCWD), one of its Board of Directors confirmed that there was a proposal to privatize the water agency. MCWD Board Member Jodelyn May Seno said in a statement released to the media that a meeting between some MCWD officials and...
The privatization of the Ninoy Aquino International Airport (NAIA) may possibly be implemented in the first quarter of 2024, a transport official disclosed on Wednesday, June 7. *(File photo) * Last week, the Department of Transportation (DOTr) and Manila International Airport Authority (MIAA) have...
Senator Francis “Chiz” Escudero on Monday, June 5 said he supports the Department of Transportation’s (DOTr) bid for the government to take in a private sector partner that would maintain and operate the Ninoy Aquino International Airport (NAIA). But the government should make sure that the...
Fresh River Lakes Corp. (FRLC), a subsidiary of Lopez-led First Gen Corporation, has already been served with the "notice of award" on its winning bid for the 165-megawatt Casecnan hydropower facility in Nueva Ecija. In a disclosure to the Philippine Stock Exchange (PSE), the company stipulated that...
The coffers of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) will be shored up by as much as $526 million by the end of this year, with the anticipated payment of Fresh River Lakes Corporation on its acquisition of the 165-megawatt Casecnan hydroelectric power plant...
Fresh River Lakes Corp, a subsidiary of First Gen Corporation of the Lopez group, submitted a winning bid that dwarfed other offers for the165-megawatt Casecnan hydropower facility, the first power asset privatized under the Marcos administration. According to sources privy to the outcome of the...
Privatization of the Ninoy Aquino International Airport (NAIA) and other airports in the country would not be a “silver bullet” that can solve the deteriorating conditions of these facilities, Senator Risa Hontiveros said on Sunday, May 7. The government, Hontiveros said, should instead...
The Australian government is looking to “drum up” interest among Australian companies in the controversial yet reported plans to privatize Philippine airports, the Presidential Communications Office (PCO) said. In a Facebook post, the PCO disclosed that airport privatization was one of the...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has moved to May 16 this year the sale of the 165-megawatt Casecnan hydropower facility instead of March 28. According to PSALM President Dennis Edward A. Dela Serna, the asset-seller firm has yet to finalize the Water...
Senator Sherwin Gatchalian said he believes the privatization of key government assets is a more logical source for the proposed Maharlika Investment Fund (MIF). Gatchalian said doing this would shield key financial institutions, particularly the Bangko Sentral ng Pilipinas (BSP), from potential...
