OVER 140 idle government properties will be up for sale as the administration embarks on an “aggressive” disposition of non-performing assets, Finance Secretary Benjamin Diokno said.
In a press briefing over the weekend, Diokno said a total of 137 properties worth P2.5 billion have been identified by its Privatization Council for disposal.
Another six properties with a total value of P152.8 million were approved for selling on May 31, said Diokno.
Among the properties for sale were:
* Emmanuel Community Hospital Inc. in Tondo, Manila (P368.4 million);
* Central Bank Board of Liquidators in Antipolo City (P234.9 million);
* 21 lots of Technology Resource Center (P140.11 million);
* Elorde Sports and Tourism Development Corporation (P485 million);
* Technology Resource Center in Visayas (P100 million);
* National Abaca and other Fibers Corporation (NAFCO) lots affected by the High Priority Bus System project (P117.2 million);
* Wright Patterson Manufacturing Corporation (P107.1 million);
* Al-Amanah Islamic Bank of the Philippines in Tugbok District, Davao City (P25 million);
* Two different lots of Al-Amanah Islamic Investments Bank of the Philippines along Bato Road, Bato, Toril District in Davao City (P25.3 million);
* Central Bank-Board of Liquidators in Pasay City (P1.9 million)
Diokno said within the first six months of the administration of President Ferdinand “Bongbong” Marcos Jr., the Privatization Council had already approved the final sale of P800 million worth of assets.
From 2019 to 2021, the total government sales from the privatization of idle properties amounted to P664 million.
"This aggressive disposition of non-performing assets will not only clear the National Government's books of stagnant assets but will also provide additional much-needed revenue to fund priority projects in the Philippines," Diokno said. (SunStar Philippines)
MANILA. Department of Finance Secretary Benjamin Diokno. (Photo from DOF)
June 05, 2023
- A A +
SunStar website welcomes friendly debate, but comments posted on this site do not necessarily reflect the views of the SunStar management and its affiliates. SunStar reserves the right to delete, reproduce, or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted.
Do not use obscenity. Some words have been banned. Stick to the topic. Do not veer away from the discussion. Be coherent. Do not shout or use CAPITAL LETTERS!