Puerto Princesa City strengthens asset management to complement investment promotion
The Puerto Princesa City Asset Management Technical Working Group (TWG) met to discuss progress of initiatives related to local government’s acquired properties last November 13.
With an updated Land Information Management System (LIMS) data, the TWG discussed solutions to concerns such as missing titles, incomplete payment, sale of a portion lot, and discrepancies in technical descriptions.
The TWG agreed to conduct a comprehensive site assessment and inspection of the 338 identified real properties, develop a checklist of infrastructure or real property requirements as well as establish standard operating procedures in processing real property and road lot acquisitions.
The General Services Office recently started its property inventory system using the National Government Accounting System (NGAS) Code.
Once finished, this will be integrated to the LIMS.
The Local Economic and Investment Promotion Office and USAID’s Strengthening Urban Resilience for Growth with Equity (SURGE) Project presented an update on the recently concluded an investment promotion workshop which strengthened the connection between accuracy of data in asset management and the identified investment priorities of the city. (PR)
The Puerto Princesa City Asset Management Technical Working Group during their meeting last November 13 at the City Hall (Photo courtesy of the Puerto Princesa City Information Office)