Photo Release

Updates on liquidation of abolished GOCCs: Senator Nancy Binay seeks updates from officials of the Governance Commission for Government-Owned and Controlled Corporations (GCG) on the status of efforts to facilitate the liquidation process for abolished government-owned and controlled corporations during the hybrid hearing of the Finance Subcommittee E Wednesday, October 7, 2020. Binay asked GCG officials why the liquidation and abolition of defunct GOCCs are taking several years to accomplish, noting the case of the National Agribusiness Corporation (NABCOR) which was abolished back in 2013 but whose liquidation process is yet to be completed. (Screen grab/Senate PRIB)