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+ Follow CITRA LAMTERO GUNG PERSADA Tag
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[Title] => PMO lowers indicative price for PNCC to P5B
[Summary] => The Privatization and Management Office (PMO) has decided to lower the indicative price for the Philippine National Construction Corp. (PNCC) from the original P7 billion to P5 billion, PMO chief Renato B. Valdecantos said yesterday.
The decision to lower PNCC’s indicative price was due to complaints from interested bidders that the construction firm’s assets are overvalued, Valdecantos said.
"The PMO would also try to settle ahead some of the tax liabilities of the PNCC which is estimated at around P1 billion," he said.
[DatePublished] => 2001-05-17 00:00:00
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[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
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[Title] => PMO lowers indicative price for PNCC to P5B
[Summary] => The Privatization and Management Office (PMO) has decided to lower the indicative price for the Philippine National Construction Corp. (PNCC) from the original P7 billion to P5 billion, PMO chief Renato B. Valdecantos said yesterday.
The decision to lower PNCC’s indicative price was due to complaints from interested bidders that the construction firm’s assets are overvalued, Valdecantos said.
"The PMO would also try to settle ahead some of the tax liabilities of the PNCC which is estimated at around P1 billion," he said.
[DatePublished] => 2001-05-16 00:00:00
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CITRA LAMTERO GUNG PERSADA
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[Title] => PMO lowers indicative price for PNCC to P5B
[Summary] => The Privatization and Management Office (PMO) has decided to lower the indicative price for the Philippine National Construction Corp. (PNCC) from the original P7 billion to P5 billion, PMO chief Renato B. Valdecantos said yesterday.
The decision to lower PNCC’s indicative price was due to complaints from interested bidders that the construction firm’s assets are overvalued, Valdecantos said.
"The PMO would also try to settle ahead some of the tax liabilities of the PNCC which is estimated at around P1 billion," he said.
[DatePublished] => 2001-05-17 00:00:00
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[Title] => PMO lowers indicative price for PNCC to P5B
[Summary] => The Privatization and Management Office (PMO) has decided to lower the indicative price for the Philippine National Construction Corp. (PNCC) from the original P7 billion to P5 billion, PMO chief Renato B. Valdecantos said yesterday.
The decision to lower PNCC’s indicative price was due to complaints from interested bidders that the construction firm’s assets are overvalued, Valdecantos said.
"The PMO would also try to settle ahead some of the tax liabilities of the PNCC which is estimated at around P1 billion," he said.
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abtest
By Marianne V. Go | May 17, 2001 - 12:00am
By Marianne V. Go | May 16, 2001 - 12:00am
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