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                    [Summary] => In an attempt to plug a major cause of its financial hemorrhage, the Arroyo Administration will soon issue an executive order imposing strict controls on government guarantees to private corporations by requiring prior clearance and approval from the Department of Finance (DOF).


The order, now being drafted by the DOF, will limit the risks assumed by the government and ultimately reduce its contingent liabilities that had been generated by government guarantees on projects undertaken by private corporations.


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                    [Title] => DOF drafts order limiting government guarantees to private companies
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The order, now being drafted by the DOF, will limit the risks assumed by the government and ultimately reduce its contingent liabilities that had been generated by government guarantees on projects undertaken by private corporations.


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NOEL BUNOAN

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                    [Title] => DOF drafts order limiting government guarantees to private companies
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                    [Title] => DOF drafts order limiting government guarantees to private companies
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abtest

DOF drafts order limiting government guarantees to private companies

By Des Ferriols | June 4, 2001 - 12:00am

In an attempt to plug a major cause of its financial hemorrhage, the Arroyo Administration will soon issue an executive order imposing strict controls on government guarantees to private corporations by requiring...

Business

DOF drafts order limiting government guarantees to private companies

By Des Ferriols | June 4, 2001 - 12:00am

In an attempt to plug a major cause of its financial hemorrhage, the Arroyo Administration will soon issue an executive order imposing strict controls on government guarantees to private corporations by requiring...

Business