A state-run corporate junk in a ruined place

One of the most appreciated acts of good governance carried out by the first Aquino administration after taking power in 1986 was the dismantling of the state owned and controlled corporations of underwhelming performance. Dozens of state-owned and controlled corporations were archived during that inspired agency-cutting binge to put sanity into the chaotic bureaucracy that Mr. Marcos left behind.

Bluntly put, it was a wholesale massacre of the useless entities done without bias. One of the first to be abolished was in Tarlac province—an entity called Sacobia Development Corporation.