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Gov’t targets sale of 3 major assets

16 July 2026
in Business
Reading Time: 3 mins read
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Gov’t targets sale of 3 major assets
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PHILSTAR FILE PHOTO

THE GOVERNMENT plans to sell three more big-ticket assets this year, including the Food Terminal, Inc. (FTI) and Mile Long properties, the Privatization and Management Office (PMO) said.

This after the PMO on Thursday completed the sale of state-owned properties at the Atrium of Makati. It sold 24 condominium units and 21 parking slots at the Atrium to Sanpiro Realty Development Corp. for about P1 billion.

“The successful sale of our Atrium of Makati units reflects the PMO’s continued efforts to bring idle government assets to the market through well-planned and competitive transactions,” PMO Chief Michael Peter A. Alejandro said.

“We will build on this momentum as we pursue other properties for disposition in the pipeline,” he added.

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