The Global City
Home The Cities eTrade eTourism Archive About Us Contact Us
No Ads
eTrade Contacts
Major ProductsLocation Of SuppliersExport Markets
Trade FairsForeign Buyers GuideEmbassies
Trade Related Government Regulations & PoliciesCalendar Of EventsGovernment Offices Directory
General Info

eTourism Contacts
HospitalsCity FestivalsEmergency Numbers
Tourist OperatorsTourist AttractionsSpecial Areas Of Interest
Accredited Travel AgenciesTourism Related Government Regulations & PoliciesUniversities
TransportationGovernment Tourism OfficesGeneral Info

Calendar of Events Contacts
Cultural Calendar

Cultural Calendar Contacts

eTrade Contacts

News: Govt eyes P6Billion from Privatization in 2011 - 05 Aug 2010
The national government's privatization revenue goal next year is raised by P4 billion compared with 2010 program, data from the Development Budget Coordination Committee (DBCC) showed.<Br>The inter-agency body tasked to set the country's macroeconomic targets has programmed P6 billion in revenue from the sale or lease of state-assets for 2011, a significantly increase compared with only P2 billion this year. 
Finance Undersecretary Gil S. Beltran, said the government has yet to decide on what assets will be included in the P6 billion privatization program.<Br>But Finance Secretary Cesar V. Purisima, earlier said that the government is abandoning its predecessor’s privatization strategy by favoring long-term lease on prime real assets over outright sale.<Br>Purisima said the government is finalizing its inventory of all state assets and will soon determine which prime properties will be privatized. <Br>“We will review our privatization strategy. We want to continue to raise income without selling the nation’s jewels,” he said.<Br>Purisima said the government will likely start with long-term lease development of the Welfareville compound in Mandaluyong, the National Penitentiary in Muntinlupa, the Davao Penitentiary and the Navy properties along Roxas Boulevard and at Fort Bonifacio.<Br>“While we will be pragmatic, our bias is toward long-term leases of these assets rather than outright sales. We want to preserve the government’s asset base for future generations,” Purisima said.<Br>The 100-hectare Welfareville in Barangay Addition Hills, which is administered by the Department of Social Welfare and Development, has been colonized by squatters since 1986.<Br>The DSWD sought to dispose the property and asked permission from the Department of Budget and Management (DBM) to apply the proceeds for its own programs and projects. The latter component of the proposal was rejected by President Arroyo in 2009.<Br>The National Bilibid Prisons (NBP) property has been a perennial “candidate” for privatization over the years at a price tag of P10 billion to P11 billion. During the term of President Corazon Aquino, a portion of the property, about 104.22 hectares, was carved out for the housing needs of Department of Justice employees and other agencies and is now known as Katarungan Village.<Br>Source: Chino S. Leyco, Manila Bulletin Online, 1 August 2010
Posted By: PhilCTTIS Center 
Date  Title  Action
05 Sep 2010  LandBank Joins Strategic Sanitation Planning  View
25 Aug 2010  Popular Churches in Manila  View
02 Aug 2010  Why this Vitamin is D Nutrient of the Year  View
01 Aug 2010  Opportunity in Business: CONSTRUCTION MATERIALS  View
28 Mar 2010  History of Manila  View
20 Jan 2010  PhilCTTIS Business Directory: Rattan Suppliers  View
20 Jan 2008  PhilCTTIS Business Directory: Aquaculture Equipment Suppliers  View
25 Nov 2007  Hotels in City of Manila  View
27 Oct 2007  Museums  View
27 Oct 2007  Hospitals  View
27 Oct 2007  Tourist attractions  View
25 Sep 2007  Laws and Incentives Covering Tourism Investments  View
26 Nov 2010  Central Luzon, Nueva Vizcaya bag NorthPhil Expo awards   View
18 May 2008  5th IFEX 2008 : May 16-18  View
13 Jan 2008  JANUARY Cultural Calendar  View
16 Nov 2012  IMF chief lauds Phl's economic policies   View
22 Mar 2011  Exports in 2010 break all previous records  View
08 Feb 2011  Climate change-ready crops developed  View
26 Nov 2010  Philippines 4th among world's top remittance recipients   View
15 Nov 2010  Electronics sector sees exports hitting $50 billion   View
04 Nov 2010  Pure Foods to raise P50 billion for expansion   View
04 Nov 2010  Gross revenue index of industries up in second quarter   View
27 Sep 2010  ERC Okays NGCP Visayas Expansion  View
27 Sep 2010  BPO Expands RP Facility Into Its Asia-Pacific Hub  View
09 Sep 2010  RP export earnings rise 35.9% in July   View
16 Aug 2010  Exporters plan to raise 2010 growth target  View
06 Aug 2010  Tetra Pak sees RP milk consumption to grow due to changing lifestyles  View
05 Aug 2010  Govt eyes P6Billion from Privatization in 2011  View
05 Aug 2010  Filipino invention uses mobile tech to help indigent amputees  View
04 Aug 2010  Glad joins in 're-greening' Mulanay beach   View
04 Aug 2010  Splash puts up unit for Vietnam expansion  View
02 Aug 2010  Libanan vows tie with NGOs to thwart human trafficking  View
20 May 2008  Developed markets to turn to East, South Asia for new talents  View
10 May 2008  British government provides technical assistance to RP  View
05 May 2008  Banks? microfinance loans reached P6 billion in 2007  View
06 Apr 2008  DLSU study finds trade secrets of Asian agro-food companies  View
06 Apr 2008  Filipino gets US award for excellence in medicine  View
29 Feb 2008  DOT Embarks On Selling Mission To Scandinavian Region  View
27 Feb 2008  DOT Serves Up Culinary Tourism Anew  View
17 Feb 2008  Remittances at record $14.4b  View
09 Feb 2008  Key players launch Rich Communication Suite initiative  View
09 Feb 2008  BSP to review effects of peso rise on exports  View
09 Feb 2008  Filipino invents Vitamin Beer and wins gold in Bangkok  View
03 Feb 2008  Senate urged to ratify Kyoto Convention  View
25 Jan 2008  Dutch firm ties up with auto parts maker for electric jeepney  View
12 Jan 2008  The health benefits of green tea extract  View
12 Jan 2008  Having Fun with IT: Capture it and share it  View
02 Dec 2007  Auto parts makers optimistic of double digit growth in sales  View
01 Dec 2007  Teves says TransCo sale could top $3B  View
30 Nov 2007  International College of Surgeons Philippine Section at 58  View
15 Nov 2007  RP nominated as Asian Spa Capital of Year  View
10 Nov 2007  Filipino construction sector eyes business in Bahrain  View
28 Oct 2007  Toyota Motors reviews overall ASEAN operations  View
28 Oct 2007  SME exporters halt taking buying orders due to strengthening peso  View
13 Oct 2007  Flying V: Oil import tariff cut seen to stabilize prices  View
No Ads
Logos and trademarks are the property of their respective owners.
Philippine Cities Trade & Tourism Information Service (c) Copyright 2007, all rights reserved.