Latest Breaking News On - 022 that claimed the gcg has yet to convene technical working group twg for abolition of nfca year after it was approved by office president througha memorandum dated dec 1 - Page 1 : comparemela.com
GCG Chairperson Justice Alex Quiroz(Photo courtesy of Senate PRIB) MANILA - The Governance Commission for GOCCs (GCG) on Thursday clarified that it has taken appropriate steps in abolishing the Northern Foods Corporation (NFC) and initiating actions for the liquidation of the non-performing government corporation as early as 2021. GCG chairperson Justice Alex Quiroz made the clarification following a news report citing a Commission on Audit (COA) report for the fiscal year ended May 31, 2022 that claimed the GCG has yet to convene the Technical Working Group (TWG) for the abolition of the NFC a year after it was approved by the Office of the President through a Memorandum dated Dec. 1, 2021. The news report further claimed that the failure of the GCG to convene the TWG, which is comprised of the Department of Agriculture, Department of Budget and Management, Landbank of the Philippines, and the Privatization Management Office has resulted in unresolved issues on compensation, liquidati