MANILA, Feb. 14 -- The Privatization Management Office (PMO), an attached agency of the Department of Finance, is eyeing to amend the guidelines of the Privatization Council (PrC) for the faster disposal of idle government assets.

Finance Undersecretary for Privatization and Corporate Affairs group Catherine Fong said the move is part of the government's efforts to raise more revenues.

"Actually, what we're trying to do right now is amend the guidelines, the PrC guidelines, to make this position easier. We need to raise a lot of funds," she said during the sidelines of the Opportunities in Sustainable Water Utilization and Infrastructure Development forum on Tuesday.

The PrC is mandated to oversee the government's privatization program...