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PHILIPPINE PRESIDENT SET TO ABOLISH PUBLIC ESTATES AUTHORITY.

AsiaPulse News

| December 02, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MANILA, Dec 2 Asia Pulse - President Gloria Macapagal-Arroyo has announced the permanent abolition of the controversial Public Estates Authority (PEA).

The President made the announcement in her keynote address during the 139th birth anniversary celebration of country's Great Plebeian Andres Bonifacio, at Malacanang's Ceremonial Hall.

"Let me make myself very clear: I am abolishing the Public Estates Authority. I'm abolishing it through a bill I will submit to Congress next week," President said.

She said all assets, mostly public lands, owned by PEA shall be transferred to the appropriate agencies, which hold ...

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