Share this on:
 E-mail
5
VIEWS
0
COMMENTS
 
SHARES
About this iReport
  • Not verified by CNN

  • Click to view omeroscar's profile
    Posted January 31, 2014 by
    omeroscar
    Location
    Manila

    More from omeroscar

    Philippines scraps 3 scam-linked agencies

     
    PHILIPPINE President Benigno S. Aquino III on Friday approved the abolition of three government-owned and controlled corporations linked to the Priority Development Assistance Fund (PDAF) mess.
    In a statement, Deputy Presidential Spokesperson Abigail Valte said this was in pursuit of maximizing efficiency and promoting accountability.
    Valte said the decision to abolish them was based on a financial viability and relevance to national development plans study conducted by the Governance Commission for GOCCs (GCG), which is the regulatory agency for such corporations.
    "From the start of his administration, President Aquino has pursued a policy of promoting efficiency in government corporations, to ensure that they serve as a means for fostering national development and not as a conduit or facilitator of selfish agendas and crimes," the palace official stressed.
    Valte noted that these GOCCs had been implicated as conduits of fake PDAF allocations. They include: Philippine Forest Corporation (PFC); ZNAC Rubber Estate (ZREC); and National Agri-Business Corporation (NABCOR).
    "Seeing that the three agencies neither fulfill the purposes for which they were created, nor had a tangible social impact, and that furthermore, they were no longer financially viable, the President gave his clearance for the formation of a Technical Working Group to wind down operations and transfer relevant functions and operations, as well as to attend to the separation pay for employees in keeping with Civil Service rules," Valte said.
    But she emphasized that any separation packages will be withheld for those found to have committed graft or other corrupt practices.
    Also, Valte said these GOCCs may not be the last to be abolished.
    "More GOCCs may be abolished as the GCG fulfills its mandate to rationalize the government-owned and controlled corporations of the country," she said.

    What do you think of this story?

    Select one of the options below. Your feedback will help tell CNN producers what to do with this iReport. If you'd like, you can explain your choice in the comments below.
    Be and editor! Choose an option below:
      Awesome! Put this on TV! Almost! Needs work. This submission violates iReport's community guidelines.

    Comments

    Log in to comment

    iReport welcomes a lively discussion, so comments on iReports are not pre-screened before they post. See the iReport community guidelines for details about content that is not welcome on iReport.

    Add your Story Add your Story