Privatization and Management Office(PMO)

July 22, 2022 Dear Nellan Balili, Greetings! Thank you for your request dated Oct 29, 2021 01:46:54 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. Your Request You asked for Inquiry on the Status of "Guidelines relative to non-completion of payments for NAFCO lands". Response to Request Please note that National Abaca and Other Fibers Corporation's (NAFCO) assets were transferred to the Board of Liquidators (BOL) for liquidation when the NAFCO was abolished in 1950 . When the defunct BOL was merged with PMO in 2005 , all the assets BOL was mandated to dispose was transferred to the National Government which entrusted said assets and/or rights to the PMO for disposition. Under EO No. 323 , any and all sales or dispositions are approved by the cabinet-level Privatization Council (PrC), which are generally based on current Fair Market Value (FMV) and in accordance with existing guidelines such as those of the Commission on Audit (COA). Otherwise stated, lands assigned to the PMO for disposition needs to be paid for, approved, and conveyed pursuant to general guidelines on the disposition of government assets, in particular, as approved by the Privatization Council. In the event that guidelines or regulations for the disposition of the transferred BOL assets will be approved by the PrC, the PMO shall duly publish the same, and inform relevant parties on record. In line with this, the deliberations on the proper course of action for each specific account/lot are being undertaken for endorsement and recommendation to the Privatization Council for the authority for execution of the appropriate disposition/sale. Your FOI request is approved. I enclose a copy of [some/most/all] of the information you requested. Your right to request a review If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to Atty. Gerard L. Chan Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request. If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011). Thank you. Respectfully, John Robert O. Bautista FOI Receiving Officer