DOF open to negotiated sale for FTI property

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DOF open to negotiated sale for FTI property

Post by Guest on Tue Jan 18, 2011 9:09 am

MANILA, Philippines - The Department of Finance (DOF) is willing to enter into a negotiated bid with the Gokongwei group’s Robinsons Land Corp. for the Food Terminal Inc. (FTI) property in Taguig, officials said Friday night. However, Finance Secretary Cesar Purisima stressed that the government would only be willing to entertain unsolicited proposals from prospective investors if they will offer a “new technology.”

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