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...
The government’s plan to privatize the country’s primary international gateway and aviation hub, the Ninoy Aquino International Airport (NAIA), received support from Go Negosyo founder Joey Concepcion, who cited its potential to grow the Philippine travel economy. Go Negosyo meets with the...
The Department of Transportation (DOTr) is fast tracking the privatization of the Ninoy Aquino International Airport (NAIA) with the completion of the terms of references (TOR) of its contract, Transportation Secretary Jaime Bautista announced Friday, Jan. 13. “We will work to fast-track the...
Department of Transportation (DOTr) Secretary Jaime Bautista on Thursday, January 12, disclosed that the administration of President Ferdinand “Bongbong” Marcos Jr. has plans to privatize the operations of the Ninoy Aquino International Airport (NAIA). Bautista made the disclosure during the...
A member Makabayan bloc in the House of Representatives smells something "fishy" with the technical glitch that paralyzed the Ninoy Aquino International Airport (NAIA) on Sunday, Jan. 1. ACT Teachers Party-list Rep. France Castro noted in a statement Monday, Jan. 2 that the glitchwhich...
