Intentar ORO - Gratis
Unsolicited bids for idle assets boost priva effort
Manila Bulletin
|April 4, 2025
The government remains confident in achieving its P101-billion revenue target for 2025, following new guidelines that paved the way for the first-ever unsolicited bid for an idle asset, according to the Department of Finance (DOF).
-
"We received our first unsolicited offer last Monday," DOF Undersecretary Catherine L. Fong told reporters on Thursday, April 3.
Fong, who heads the DOF's privatization and partnerships group, disclosed that this unsolicited offer was made for a property in Cabanatuan City, Nueva Ecija.
The DOF-attached Privatization and Management Office (PMO) is selling an 8,288-square meter (sqm) lot in Brgy. Magsaysay Norte, Cabanatuan City, at a base price of a little over P58 million. This is part of a total of 34 lots valued at P358.2 million available for negotiated sale.
The PMO is eyeing to dispose of up to 51 lots this month, with a combined base price of P603.5 million. It is offering 17 of these idle properties, worth P245.3 million, through public auctions on an "as-is, where-is" basis.
Esta historia es de la edición April 4, 2025 de Manila Bulletin.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Manila Bulletin
Manila Bulletin
Ikebana with an indigenous touch
'Buklod Mangyan' highlights the tribe's simplicity and resilience
2 mins
November 3, 2025
Manila Bulletin
On top of the world
Dodgers rise in epic Game 7, become first repeat champion in 25 years
2 mins
November 3, 2025
Manila Bulletin
PLDT Home celebrates subscribers with 'OMG Mega Giveaway'
PLDT Home has raffled off big prizes for their subscribers.
2 mins
November 3, 2025
Manila Bulletin
SEC eases audit rules for sub-P3M entities
The Securities and Exchange Commission (SEC) wants to exempt more corporations from the mandatory submission of audited financial statements, in a bid to further reduce compliance costs for micro, small, and medium enterprises (MSMEs).
2 mins
November 3, 2025
Manila Bulletin
Imagining the Education of the Future with Zach Pendleton of Instructure
No sooner did we hear about the power of ChatGPT than we started hearing about students submitting essays using generative AI.
3 mins
November 3, 2025
Manila Bulletin
DICT monitoring possible internet traffic flood on Nov. 5
The Department of Information and Communications Technology (DICT) warned on Sunday, Nov. 2 of an internet traffic flood that may occur on Nov. 5, which could cause some websites or mobile applications to load slowly or become temporarily inaccessible.
1 min
November 3, 2025
Manila Bulletin
BPI preps for Apple Pay, Google Pay launch
The Bank of the Philippine Islands (BPI) expects its card products to be ready for tokenization by next year, positioning the Ayala-led lender for the anticipated local launch of Apple Pay and Google Pay.
2 mins
November 3, 2025
Manila Bulletin
Keep rice tariffs low, OECD tells PH gov't
As plans to raise the tariff rate on rice imports begin to take shape, the Organization for Economic Cooperation and Development (OECD) is urging the Philippine government to reconsider and instead maintain the lower tariffs as a measure to keep prices stable.
3 mins
November 3, 2025
Manila Bulletin
P50.7-B Samsung expansion to create 3,000 jobs in PH – PBBM
President Marcos announced that South Korean tech giant Samsung will pour some P50.7 billion into expanding its operations in its Calamba, Laguna facility, a move expected to create at least 3,000 new jobs and strengthen investor confidence in the country's economy.
1 mins
November 3, 2025
Manila Bulletin
'Undas' generally peaceful, orderly; PNP braces for return of Pinoys from provinces
The nationwide observance of All Saints and All Souls Days, locally referred to as “Undas” was generally peaceful and orderly, the Philippine National Police (PNP) said on Sunday, Nov. 2, as it braces for the return of millions of Filipinos who went to their home provinces to honor their departed loved ones.
3 mins
November 3, 2025
Listen
Translate
Change font size