Tag: Privatization
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Cocochem Sale Reconsidered: State Retains Coconut Asset
Introduction: a rethink in a shifting market The government is re-evaluating its long-standing plan to privatize United Coconut Chemicals Inc., better known as Cocochem. Once viewed as a straightforward privatization win, the sale is now front and center in discussions about national strategy, economic resilience, and the country’s role in a global market demanding coconut-based…
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Government Reconsiders Cocochem Sale as Global Market Shifts
Overview: Reassessing a Strategic Asset The government is reexamining its long-standing plan to privatize United Coconut Chemicals Inc., commonly known as Cocochem. Once positioned as a straightforward privatization move, the plan now sits at the crossroads of global demand for coconut-based products, national economic strategy, and the practical implications of maintaining or selling a strategically…
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Government rethinks Cocochem sale as global market shifts
Background: Cocochem and the strategic stake The government has long planned to privatize United Coconut Chemicals Inc., commonly known as Cocochem, a move aimed at raising revenue and encouraging efficiency in state-owned enterprises. Cocochem, with its strategically located processing facilities near major shipping routes, has been a centerpiece of both industrial policy and regional development.…
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Privatization Push: Offloading Large Projects to Private Sector to Cut Debt and Rethink PSV Insurance
Strategic Debt Reduction Through Private Sector Partnerships Many governments are pursuing a strategic shift: offloading large, capital-intensive projects to the private sector as a primary lever to reduce public debt. This approach, often framed as public-private partnerships (PPPs), seeks to unlock private capital, transfer risk, and accelerate infrastructure delivery while keeping long-term public benefits in…
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Danantara to Trim State Firms to Prevent Cannibalization
Big Shakeup for Indonesia’s State-Owned Enterprises Indonesia’s sovereign wealth fund Danantara is accelerating a sweeping overhaul of the nation’s state-owned enterprises (SOEs). Senior officials acknowledge that fierce internal competition among government-backed firms has created a self-defeating dynamic, where each entity grows to cannibalize the others’ markets and profits. The plan aims to significantly slash the…
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Genting Bids RM6.74 Billion to Privatize Genting Malaysia, Consolidating Casino Arm
Genting Announces Conditional Cash Offer to Take Genting Malaysia Private In a move to consolidate control over its casino and hospitality arm, Genting Group has unveiled a conditional cash offer to acquire the remaining Genting Malaysia shares it does not own. The bid, valued at RM6.74 billion (about S$2.1 billion), was disclosed on October 13…
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How the Maintenance of Carris Ended Up in Private Hands
Introduction The public transportation system in Lisbon, known as Carris, has been under intense scrutiny recently, especially following the tragic elevator accident at the Glória lift, which resulted in the loss of 16 lives. This event has sparked discussions about the safety and maintenance of public transport services, prompting questions about the management of Carris…
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Venstre Urges Støre to Reconsider Comments on the Kampen Murder
In a heated exchange during the party leader debate on TV 2, Prime Minister Jonas Gahr Støre (Labour Party) made remarks regarding the staffing and security conditions at the child welfare facility where the tragic Kampen murder occurred. Støre criticized the privatization of the welfare setup, stating, “It was a privatized arrangement with very poor…
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Jonas Gahr Støre Under Fire Over Kampar Vurdering
In a recent televised debate, Norwegian Prime Minister Jonas Gahr Støre made headlines by discussing the tragic murder of Tamima Nibras Juhar, which occurred under deeply concerning circumstances. His comments, however, have stirred significant controversy, as accusations of insensitivity and opportunism have surfaced, particularly regarding his remarks on the privatization of security-related operations. During the…