Wed | Aug 23, 2017

Phillips wants info on state assets divestment plan

Published:Wednesday | July 26, 2017 | 7:36 AMJerome Reynolds
Phillips

Leader of the Opposition Dr Peter Phillips has renewed a call for the government to indicate the state assets that are to be privatised.

Phillip said the opposition is concerned about the lack of information.

He raised the issue in Parliament yesterday while contributing to the debate on three pieces of legislation that fix anomalies in the law that prevented companies on the stock exchange from buying back shares issued to the public.

The Government has stated that it is to sell some state assets as part of public sector reform.

One such divestment is to be the sale of the Government’s 20 per cent share in the Jamaica Public Service Company.

The opposition leader argued that more information is needed from the Government about the sale as well as its wider privatisation plan.

 

Leader of the Opposition, Dr Peter Phillips

Privatisations, outsourcing and mergers of state entities have been on the agenda of governments over the years.