News Snapshot:
MY apologies as I was swamped this week and did not have the time to write and reflect on my weekly column with sufficient care. I am reading and hearing all this talk about privatization, private-public partnerships (PPP) and build-operate-transfer (BOT) programs and some confusion about what they really are and entail. Frankly, also sometimes without understanding what they should accomplish. Privatization is the sale of an asset owned by the government, whether a government asset or a formerly private asset that has been nationalized or rescued by the government. Examples of that are the sale of Petron which was...
