He mentioned a soon-to-be inaugurated passenger terminal project in Cagayan de Oro as among those the government planned to
privatize.
Tugade said the DOTr would begin the move to
privatize the PPA under his term, emphasizing the strong political will of Duterte.
'The government will
privatize the PIA and PSM in second phase, which will take three to five years,' he added.
' Practically, I have no knowledge that any move is being made to
privatize the national airline and do not see any process to
privatize PIA as privatization process may take 3 to 5 years,' he added.
The Minister for Privatization said that the economy is burdened with over Rs 600 billion annually owing to losses of some of the leading state owned companies therefore, the government had to
privatize them to save the losses.
TEHRAN -- Iran plans to
privatize 22 power plants in the current Iranian calendar year, which began on March 21, the Fars News Agency quoted power sector privatization project manager Bahman Allahmoradi as saying.
When a country has financial problems, it's not unusual for its government to attempt to either shut down its public TV stations or
privatize them.
Puerto Rico took another step in its effort to
privatize its main airport, issuing a request for qualifications from interested for-profit investors, reports Dow Jones (July 7, 2011).
"And then we will
privatize nine portfolio groups," Aksu said.
Bulgaria's government does not intend to
privatize the state postal services company "Bulgarian Posts EAD."
In 2002, Congress provided authority to
privatize lodging facilities.
Summary: MANAMA: Bahrain plans to
privatize the country's loss-making carrier Gulf Air within about a year, after its turnaround program bears fruit, said the chief executive of the top economic planning body in the Gulf Arab state.
Probably already during 2010 we will
privatize the two banks.'
Senate now wants to
privatize its network of restaurants after it has racked up another $2 million deficit this year.
