PSALM, Pagcor, NFA and UCPB could be affectedTHE idea of privatizing the power as-sets of the Power Sector Assets and Liabilities Management Corp. (PSALM) and other government-owned or -controlled corporations is still under the consideration of the Duterte administration, according to Finance Secretary Carlos Dominguez 3rd. The privatization plan could also include the Philippine Amusement and Gaming Corp. (Pagcor) and the National Food Authority (NFA) “Yes we will continue the privatization program. The idea essentially is to separate the commercial from regulatory functions. “We believe that government should only be in regulatory functions and not commercial functions; and, therefore, dispose off by sale or closing down the commercial functions,” he explained. “It is separating the commercial from regulatory functions,” he added.

Source: Manila Times August 22, 2016 16:30 UTC