Search results
Results from the WOW.Com Content Network
In the Philippines, a government-owned and controlled corporation (GOCC), sometimes with an "and/or", [1] is a state-owned enterprise that conducts both commercial and non-commercial activity. Examples of the latter would be the Government Service Insurance System (GSIS), a social security system for government employees.
Defunct privately held companies of the Philippines (13 P) N. NutriAsia (2 P) P. Progressive Broadcasting Corporation (16 P) R. Radio Mindanao Network (2 C, 3 P)
This category lists GOCCs of the Philippines which have an article in the English-language Wikipedia. The main articles for this category are Governance Commission for GOCCs and Government-owned and controlled corporation .
The company was folded and re-created in 2009, and privatized in 2012, under the supervision of the EU and IMF, as it was part of the debt-restructuring process of 2012. OPAP (Lottery and Betting Monopoly) – privatization completed in 2013, when the last remaining government-owned stock was sold [15]
There are two types. Government-owned companies are legally normal companies but mainly or fully national owned. They are expected to be funded by their sales. A big customer might be the government or a government agency. The other type is government agencies which might also do activities competing with private owned companies.
Location of the Philippines. The Philippines is a sovereign island country in Southeast Asia situated in the western Pacific Ocean. It is a founding member of the United Nations, World Trade Organization, Association of Southeast Asian Nations, the Asia-Pacific Economic Cooperation forum, and the East Asia Summit.
1948 With the Decree 119 of June 11, 1948, the new Communist regime nationalised all private companies and their assets leading to the transformation of the economy from a market economy to a planned economy. 1950 With the Decree 92 of April 19, 1950, a huge number of private houses and lands are confiscated. [41]
Water privatization in Metro Manila began when the then President of the Philippines, Fidel Ramos, instructed the government in 1994 to solve what he called the water crisis in Manila by engaging with the private sector. In 1997, two concession contracts for the Eastern and Western halves of Metro Manila were awarded after an open competition ...