The Governance Commission for GOCCs, the central advisory and oversight body for government-owned and -controlled corporations, said over the weekend the deferment of the restructuring plan of Duty-Free Philippines Corp. will have negative consequences.
GCG said in a statement it approved Duty-Free’s request to postpone the implementation of the implementing rules and regulations of its restructuring plan for 60 days beginning March 15, 2023. The request was made to enable Duty-Free to prepare for the transition of the implementation of the new organizational structure and staffing pattern.
GCG chairman Alex Quiroz said while it approved the deferral, it might have a negative effect on the ongoing status of Duty-Free given its limited fiscal space.
“The Governance Commission understands that DFPC may need more time given that the restructuring plan may have certain repercussions in policies and core operations,” Quiroz said.
“GCG takes into consideration the inputs of the employees union and other government agencies concerned,” Quiroz said. Julito G. Rada
