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Palace: Proposed abolition of 19 GOCCs needs to be studied first

Posted On 2014 Mar 06
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(KUALA LUMPUR, Malaysia) President Benigno S. Aquino III, escorted by Malaysian Prime Minister Dato' Sri Haji Mohammad Najib bin Tun Haji Abdul Razak, signs the Guest Book at the Prime Minister’s Office at the Perdana Putra Building in Putrajaya on Friday (February 28, 2014) during his State Visit to Malaysia. President Aquino and PM Najib are expected to discuss the upcoming signing of the Comprehensive Agreement on the Bangsamoro. (MNS photo)

(KUALA LUMPUR, Malaysia) President Benigno S. Aquino III, escorted by Malaysian Prime Minister Dato’ Sri Haji Mohammad Najib bin Tun Haji Abdul Razak, signs the Guest Book at the Prime Minister’s Office at the Perdana Putra Building in Putrajaya on Friday (February 28, 2014) during his State Visit to Malaysia. President Aquino and PM Najib are expected to discuss the upcoming signing of the Comprehensive Agreement on the Bangsamoro. (MNS photo)

MANILA (Mabuhay) — Malacañang on Monday said the proposal to abolish 19 government-owned and -controlled corporations (GOCCs), some of which have been linked to the P10-billion pork barrel scam, must be studied thoroughly.

“Kailangang pag-aralan ito ng GCG o Governance Commission on GOCCs na siyang may mandato na tiyakin ang mainam na pagganap sa tungkulin ng mga korporasyon ng pamahalaan,” Presidential Communications Operations Office head Herminio Coloma Jr. told reporters in a text message.

He issued the statement after Cagayan de Oro City Rep. Rufus Rodriguez and Abante Mindanao party-list Rep. Maximo Rodriguez filed House Bill 3807, which seeks to abolish 19 GOCCs and government financial institutions (GFI) for underperforming or losing money.

Among these GOCCs and GFIs are:

Banaue Hotel and Youth Hostel;

Batangas Land Co., Inc.;

BCDA Management and Holdings, Inc.;

Cottage Industry Technology Center;

Freeport Service Corp.;

GY Real Estate, Inc.;

Human Settlements Development Corp.;

Kamayan Realty Corp.;

Marawi Resort Hotel, Inc.;

Masaganang Sakahan, Inc.

National Agribusiness Corp.;

Natural Resources Development Corp.;

NDC-Infrastructure Corp.;

Northern Foods Corp.;

Philippine Aerospace Development Corp.;

Philippine Convention and Visitors Corp.;

Pinagkaisa Realty Corp.;

Trade and Investment Development Corp. of the Philippines; and

ZNAC Rubber Estate Corp.

The pork barrel scam refers to the alleged funneling of billions in Priority Development Assistance Fund (PDAF) by some lawmakers to bogus non-government organizations linked to detained businesswoman Janet Lim-Napoles. (MNS)

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