AT least 50 more government-owned and -controlled corporations (GOCCs) will be abolished before President Benigno Aquino 3rd ends his term, officials of the Governance Commission on GOCCs (GCG) said on Friday.
The scrapping of the state corporations cropped up when GCG officials led by Chairman Cesar Villanueva faced reporters in Malacañang to deny reports that the commission granted unauthorized allowances and bonuses worth P2.3 billion to 30 GOCCs.
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