Philippines plans further asset sales

Renato Valdecantos, executive trustee of the Asset Privatisation Trust (APT) said the assets scheduled for sale this month and in October are the bulk of government's 89 per cent stake in toll road operator Philippine National Construction (PNCC), a 50 per cent stake in Philippine Phosphate Fertilizer, 85 per cent of the Al Amanah Islamic Investment Bank of the Philippines, and a commercial lot in the central business district of Makati valued at 3

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