INQUIRER.net: Healthier Napocor seeks leaner budget for ’14

INQUIRER.net Philippine News for Filipinos

Healthier Napocor seeks leaner budget for '14 Nov 6th 2013, 23:30 MANILA, Philippines—National Power Corp. (Napocor) may be able to work with less state funding next year as it recovers financially, boosts efficiency, and streamlines its workforce as it continues to privatize its assets.   Ma. Gladys Cruz-Sta. Rita, the first female chief of the state-owned firm, said in a briefing that Napocor's proposed budget for 2014 would amount to P14 billion, down from the P15 billion sought for this year.   Part of the reason for the smaller requirement is better financial health as the agency aims to book a P1-billion profit this year, from the P398 million reported in 2012 under former Napocor president Froilan Tampinco.  ... Keep on reading: Healthier Napocor seeks leaner budget for '14 Media files: napocor-website.jpg (image/jpeg)

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