(Eagle News) – The Department of Finance (DOF) said Thursday that the government was bidding out over P90 million worth of state-owned assets this month.
According to Gerard Chan, chief privatization officer of the DOF’s Privatization Management Office (PMO), these assets amounting to P98.32 million cover lots in Luzon and Mindanao and a membership share at a golf and country club.
Chan said included in the assets for sale are the two residential lots of the Delta Motors Corp. in Paranaque City with a floor price of P6.142 million; four residential and commercial lots of the Selectra Electronics Corp. in Tanay, Rizal, worth P16.018 million; and 35 parcels of land in Quezon City and the provinces of Laguna, Camarines Norte and Quezon under the name of the Peninsula Development Bank, worth P26.948 million.
The PMO said these assets were scheduled for bidding in February.
Chan said also to be auctioned off are 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; two lots under the name of the Retired Servicemen Enterprises Inc. with a minimum price of P2.509 million; thirteen residential and agricultural parcels of land in General Santos City under the name of the Al-Amanah Islamic Investment Bank of the Philippines, 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.
The PMO said it has remitted P554.44 million in dividends to the National Treasury from its January to September 2017 collection from proceeds of the sale of government properties, lease, landholdings covered by the Comprehensive Agrarian Reform Program, interest income and other dispositions.
