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Privatization revenues forecast to drop sharply

State revenues from the privatization of real estate and mining assets are expected to slow down sharply in the second half of President Aquino’s term with legal and operational issues keeping the government from unloading larger properties.

Posted: April 9th, 2014 in Headlines | Read More »

Privatized public services

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After years of government neglect and apathy, Manila North Harbor, the major seaport that links Metro Manila to the Visayas and Mindanao, has taken a new look that the country can be proud of. Early this month, Manila North Harbour Port Inc. (MNHPI), a joint venture of Harbour Center Port Holdings Inc. and San Miguel Corp., inaugurated the North Port Passenger Terminal Complex, a world-class terminal that can accommodate three million passengers a year.

Posted: November 8th, 2013 in Columnists,Inquirer Columns | Read More »

Gov’t urged to privatize ports sector

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Asian Terminals Inc. (ATI), which operates ports in Manila and Batangas, said profit dipped by a third in the nine months through September on a change in accounting policy while revenues were up..  AFP PHOTO

The South Luzon chambers of commerce have sought a level playing field in the ports business and urged the government to end the multiple and conflicting roles of the Philippine Ports Authority (PPA) as regulator, developer and competitor in maritime trade or port services.

Posted: July 25th, 2013 in Editor's Pick,Headlines | Read More »

DOTC eyes bundling of smaller airports for privatization

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Transportation and Communications Secretary Joseph Abaya: Our fault. INQUIRER FILE PHOTO

The government is considering the privatization of operating airports in Davao, Bacolod and Iloilo in a single package, Transportation Secretary Joseph Emilio Abaya said on Wednesday.

Posted: June 20th, 2013 in Headlines | Read More »

Meralco clinches deals in Africa

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meralco-logo

Manila Electric Co., the country’s largest power distribution utility, has gained a foothold in Africa as part of a consortium that bagged crucial deals to take over two electricity-distribution firms privatized by the Federal Republic of Nigeria.

Posted: April 19th, 2013 in Editor's Pick,Headlines | Read More »

Baggage porter services at Naia to be privatized

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Ninoy Aquino International Airport Terminal 3. PHOTO BY RICK ALBERTO / INQUIRER.net

Beginning March 1, the baggage porter services at the Ninoy Aquino International Airport (Naia) will be privatized, the government operator of the country’s premier gateway said Thursday.

Posted: February 15th, 2013 in Latest Business Stories | Read More »

San Miguel Properties delisting from PSE

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sanm-iguel-properties

Diversifying conglomerate San Miguel is taking its property unit San Miguel Properties Philippines Inc. (SMPI) back to private hands.

Posted: February 6th, 2013 in Latest Business Stories | Read More »

Biz Buzz: Stumbling block to banking deal of the decade

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While Bank of the Philippine Islands has entered an advanced stage of negotiations to acquire a controlling stake in Philippine National Bank, the prospective banking deal of the decade seems to have encountered a major stumbling block—getting the imprimatur of taipan Lucio Tan.

Posted: November 26th, 2012 in Editor's Pick,Headlines | Read More »

Reconsider plans to privatize major airports, IATA urges Philippines

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The world’s largest aviation industry group has urged the government to reconsider plans to privatize the Philippines’ major airports, citing disaster stories in other countries.

Posted: November 10th, 2012 in Headlines | Read More »

PSALM prepares for next attempt to sell 4 power barges

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Despite three failed attempts, state-run Power Sector Assets and Liabilities Management Corp. (PSALM) remained keen on selling the four diesel-fired power barges it inherited from National Power Corp.

Posted: August 27th, 2012 in Headlines | Read More »

2 power facilities to be bid out in Q4

State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is set to bid out the management of the contracted capacities of the 640-megawatt Unified Leyte geothermal facilities and the 150-MW Casecnan hydropower plant as the government moves to complete the privatization of its power assets within the next several years.

Posted: June 5th, 2012 in Headlines | Read More »

Sale of 4 power barges pushes through

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State-run Power Sector Assets and Liabilities Management Corp. (PSALM) will push through with the bidding of four diesel-fired power barges on May 16, marking the resumption of the government’s privatization activities.

Posted: May 15th, 2012 in Headlines | Read More »

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