PHILIPPINES
The Manila Times-Apr 28
In a brief but welcome announcement this week, the Duterte administration said it was conducting a thorough review of the roles and operations of 12 government-owned or -controlled corporations (GOCCs). The review is being carried out by the Governance Commission for GOCCs (GCG), with inputs from the trade and justice departments, the Philippine Competition Commission, and the National Economic and Development Authority (NEDA).
GOCCs are government agencies whose activities potentially generate large amounts of revenue, and are ostensibly organized in the same fashion as private sector corporations rather than departments in the public sector bureaucracy. They are sometimes referred to as state-owned enterprises, although the terms are not actually synonymous. GOCCs comprise activities that could otherwise be fully funded government services, and in fact often begin life this way, while state-owned enterprises are a broader group, including any sort of business in which the government owns a controlling interest.
READ MORE AT: http://www.manilatimes.net/review-of-gocc-mandates-long-overdue/395483/
First published in: The Manila Times
