Negotiated sale eyed for idle gov’t assets

Idle government assets valued at over P600 million will be re-advertised for sale through negotiated sales, after receiving no bids or offers in early April.

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The Privatization and Management Office (PMO), a Department of Finance (DOF)-attached agency, told Manila Bulletin on Friday, April 11, that all 51 properties it had eyed to sell earlier this month will now be disposed of through negotiated sales.

Previously, 34 public assets were advertised for negotiated sale, while the remaining 17 were offered through public auction.

“None submitted a bid for both public bidding and negotiated sale,” Chief Privatization Officer Maan Vanessa L. Doctor told Manila Bulletin.