The Marcos administration’s privatization income was cut by more than half at end-September, failing to meet targets despite the ₱820 million contribution from the Presidential Commission on Good Government (PCGG). Data from the Bureau of the Treasury (BTr) showed that revenues from the...
A successful compromise agreement—a process initiated during the previous administration—added ₱714 million to national coffers last May, coming from the current owner of a Monet painting that had been sold overseas and formed part of the ill-gotten wealth of the late strongman Ferdinand E....
A rare remittance from the Presidential Commission on Good Government (PCGG)—reportedly proceeds from the sale of a Claude Monet painting considered as ill-gotten wealth by the family of strongman Ferdinand Marcos Sr.—has helped triple the Marcos Jr. administration’s privatization revenues in...