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...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has reduced its outstanding debt by P8.44 billion last year to P346.76 billion from the prior year’s P335.25 billion on higher revenues. According to PSALM President and CEO Dennis Edward A. Dela Serna, the firm’s...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is targeting a successful divestment of the 165-megawatt Casecnan hydropower plant once it is placed for bidding by March 28 this year. The company announced that the second and third pre-bid conferences for the plant’s...
A senator-turned-deputy Speaker in the House of Representatives has advised the government on how to go about its reported plan to sell off its NPAs, or non-performing assets. Deputy Speaker Ralph Recto (Facebook) According to Batangas 6th district Rep. Ralph Recto, the privatization process of...
Former Senate President Franklin Drilon sought on Saturday, Jan. 28 the privatization of the government’s gaming industry to fund the Maharlika Investment Fund (MIF) being proposed by administration allies. The solution to the problem of funding the MIF ‘’lies in the long overdue...
The assets of the Ninoy Aquino International Airport (NAIA) remains with the government even if the private sector manages its operations, should plans to privatize the country's main gateway push through. Department of Transportation (DORr) Secretary Jaime J. Bautista issued the statement today,...
The planned privatization of the Ninoy Aquino International Airport (NAIA) would only be on the operation and maintenance and not its assets, Department of Transportation (DoTR) Secretary Jaime Bautista clarified on Tuesday, Jan. 24. Bautista issued the clarification amid the perceived conflicting...
There is no plan to privatize the Ninoy Aquino International Airport (NAIA), President Ferdinand "Bongbong" Marcos Jr. clarified. President Ferdinand 'Bongbong' Marcos Jr. inspects the Terminal 3 of the Ninoy Aquino International Airport five days after the air traffic system outage that affected...
House Minority Leader and 4Ps Party-list Rep. Marcelino Libanan believes that the plan to privatize the Ninoy Aquino International Airport (NAIA) won't solve its perennial problem of congestion. (PNA) “NAIA’s problem is lack of land for expansion. No new parallel runway can be built there...
