Tuesday 17 July
Powered by Ajaxy
Nov 29, 2017 @ 18:30

Privatization yields over P500M

 

Idle assets sold by the government brought in half a billion pesos.

State-owned properties sold by the Privatization and Management Office (PMO) raised P554.4 million in one-time gains, the Department of Finance said in a statement.

The PMO has since remitted the amount to the Bureau of the Treasury, which represents the amount they raised from January to September 2017.

Some P289.5 million has been turned over to the government in October coming from the sale of shares in Asean Finance Corporation as well a special cash dividend from Semirara Mining Corporation.

More money means more projects funded.

Tags: , , , , , ,

Related Stories
The country wants to tap Japanese money for local infrastructure.
The timing is for convenience.
A US judge Tuesday approved the $85 billion merger of wireless and broadband giant AT&T
The US unemployment rate fell to its lowest level in 18 years in May, the


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.