The Privatization Management Office (PMO) of the Department of Finance (DOF) disclosed on Thursday the government’s plan to bid out in March state-owned assets amounting to P98.32 million.
PMO Chief Privatization Officer Gerard L. Chan said the government-owned assets for sale include 63 lots in Luzon and Mindanao, and a membership share at a golf and country club.
These include 35 parcels of land in Quezon City and the provinces of Laguna, Camarines Norte and Quezon under the name of the Peninsula Development Bank with a floor price of P26.948 million; four residential and commercial lots of the Selectra Electronics Corp. in Tanay, Rizal, P16.018 million; and two residential lots of Delta Motors Corp. in Parañaque City, P6.142 million.
The assets were scheduled for bidding in February, the PMO said.
The DOF said the remaining assets set for bidding in March include two lots under the name of the Retired Servicemen Enterprises Inc. with a floor price of P2.509 million. Seven parcels of land in Bulacan, Quezon City, Tagaytay and Marikina under the Development Bank of Rizal with a combined value of P35.237 million will also be put on the auction block.
Also for sale in March are 13 residential and agricultural parcels of land in General Santos City under the name of the Al-Amanah Islamic Investment Bank of the Philippines with a total floor price of P10.271 million; and a membership share worth P1.2 million at the Canlubang Golf and Country Club under the name of Merchants Investment Corp., Chan said.
For the first nine months of 2017, the disposition of state properties for privatization along with cash dividends and other forms of revenues from still unsold government assets generated a total of P554.442 million.
As of September 30, 2017, the PMO remitted P554.442 million to the Bureau of the Treasury (BTr) exclusive of authorized retention amounts of P22.8 million. It turned over to state coffers a Land Bank of the Philippines Check 149416 dated October 19, 2017, for the amount of
P289.485 million.
The DOF said this is the biggest amount remitted so far by PMO from its January-to-September 2017 collection, which came from the sale of shares in Asean Finance Corp. and special cash dividend from Semirara Mining Corp.
Aside from the proceeds from this sale, PMO remittances for the January-to-September 2017 period also came from the proceeds of lease, Comprehensive Agrarian Reform Program (CARP)-covered landholdings, interest income and other disposition.
Total PMO remittances to the government reached P286.4 million in July to December 2016, or the first six months of the Duterte administration.