(Eagle News) – The Department of Finance (DOF) Privatization and Management Office (PMO) has remitted over P17 million to the Bureau of Treasury (BTr) in the first month of 2018.
In a statement on Friday, the finance department said the amount of P17,399,864.03 was remitted in the form of a LandBank cheque, based on the report of PMO chief privatization officer Atty. Gerard Chan to Finance Secretary Carlos Dominguez III.
Of the amount, the DOF said P11,287,801.17 came from the sale of government properties and other assets; P6,094,494.49 from lease rentals; and P17,568.37 from Comprehensive Agrarian Reform Program (CARP) receivables.
The DOF said P6,772,680.70 of the sales amount will go to the Agrarian Reform Fund while a total of P10,627,183.33 from the portion of the sales, along with the amount collected from the lease rentals and interest income, will accrue to the General Fund.
2018 first quarter target
According to the DOF, the PMO was targeting to bid out some P98.32 million-worth of state-owned assets in the first quarter of 2018.
These government-owned assets cover a membership share at Canlubang Golf and Country Club under the name of Merchants Investment Corp., and 63 lots in Luzon and Mindanao.
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; four residential and commercial lots of the Selectra Electronics Corp. in Tanay, Rizal; and two residential lots of the Delta Motors Corp. in Paranaque City.
Also included for bidding are the two lots under the name of the Retired Servicemen Enterprises Inc.; seven parcels of land in Bulacan, Quezon City, Tagaytay, and Marikina under the Development Bank of Rizal; thirteen residential and agricultural parcels of land in General Santos City under the name of the Al-Amanah Islamic Investment Bank of the Philippines.
